MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SWITZERLAND DATA: KOF December Deterioration Was Broad-Based

SWITZERLAND DATA
SwitzerlandCEEMEAData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Swiss KOF Economic Barometer dropped to 99.5 in December, below consensus of 101.0 as well as November's 102.9 (upwardly revised by 1.1). This is the lowest index value since January.

  • "The indicator bundles included in the Economic Barometer all contribute to the negative development. In particular, the indicator bundles for manufacturing and for other services, as well as the indicator bundles for the hospitality industry, for foreign demand and for private consumption decrease considerably.", KOF adds.
  • Note that the SNB slightly lowered its 2025 growth outlook for the Swiss economy at its December meeting - to between 1.0% to 1.5% (from a prior 1.5% point estimate) despite a significantly lower policy rate. The SNB sees the largest risks from weaker international developments.
image
121 words

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.

The Swiss KOF Economic Barometer dropped to 99.5 in December, below consensus of 101.0 as well as November's 102.9 (upwardly revised by 1.1). This is the lowest index value since January.

  • "The indicator bundles included in the Economic Barometer all contribute to the negative development. In particular, the indicator bundles for manufacturing and for other services, as well as the indicator bundles for the hospitality industry, for foreign demand and for private consumption decrease considerably.", KOF adds.
  • Note that the SNB slightly lowered its 2025 growth outlook for the Swiss economy at its December meeting - to between 1.0% to 1.5% (from a prior 1.5% point estimate) despite a significantly lower policy rate. The SNB sees the largest risks from weaker international developments.
image