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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.
SWITZERLAND DATA
The Swiss KOF Economic Barometer exceeded expectations in January at 101.5 (vs 98.2 cons and 98.0 prior, revised from 97.8). This was the highest value since January 2023, the third consecutive monthly rise, and the first time since March 2023 that the index was above the 100.0 mark that represents the longer-term average.
- Strong developments could be seen particularly in the accommodation industry as well as in "other services", according to the KOF, though alongside positive developments were also evident in the manufacturing, construction and foreign demand indicators.
- The only area that showed weaker activity was finance and insurance.
- The uptick in the producing (manufacturing and construction) industries "masks mixed tendencies" in the sector, however, with capacity utilization as well as the indicator of the general business situation declining.
- While somewhat mixed, the headline reading and the report overall suggests the Swiss economy is showing improvement compared to its larger neighbor Germany and the broader eurozone, and follows recent comments from SNB's Jordan that he is confident Switzerland will avoid a recession in the current cycle.
MNI, KOF
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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