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SWITZERLAND DATA
MNI (London)
SWISS MAY KOF ECON BAROMETER 143.2; APR 136.4r
- The KOF Economic Barometer again rose sharply in May aby 6.8pt to 143.2, hitting a new record high.
- The index rose sharply in both Apr and Mar, suggesting that the outlook for the Swiss economy is positive, given that "the containment of the virus continues to progress", the KOF noted.
- The increase was driven by the strong manufacturing sector and foreign demand, but also food services and the accommodation sector saw monthly gains in May.
- However, private consumption continues to show negative impulses in May.
Source: ETH Zurich
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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