Free Trial

KOF Barometer Signals Robust Start to Q1

SWITZERLAND DATA
MNI (London)

SWITZERLAND JAN KOF BAROMETER 97.2 (FCST 93.4); DEC 91.5r

  • The Swiss KOF Barometer improved for a second consecutive month in January, jumping 5.7 points to 97.2, outpacing forecasts by nearly four points.
  • Despite remaining below the medium-term average, the KOF Barometer implies the Swiss economy is on the rebound, which is largely broad-based.
  • Further strength was noted in manufacturing, hospitality and services, boosted by improved demand outlooks.
  • This data adds to evidence that the Swiss economy has avoided a Q4 contraction and should continue to experience muted growth in Q1. The SNB's last forecast round expected +2.0% growth in 2022 to slow to +0.5% in 2023.

Source: KOF Swiss Economic Institute

To read the full story

Close

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.