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Free AccessKOF Points Towards Ongoing Robustness But No Strong Boost
The Swiss KOF Economic Barometer slightly missed expectations in April at 101.8 (vs 102.0 cons) but still rose against a downwardly revised prior reading of 100.4 (revised from 101.5).
- The financial and insurance services sector printed stronger, and the current assessment of industrial companies overall was also brighter.
- Within the manufacturing industry, the KOF noted uneven development, however - with the chemical and pharmaceutical industries standing out positively but food producers struggling.
- Elsewhere, construction and hospitality industries also assessed their business outlook as worse.
- Looking ahead, Switzerland is expected to experience solid growth in the beginning of 2024 - Q1 SA Y/Y real GDP growth is currently expected at +0.7% (consensus has moved up by +0.2p during the last month), and Q2 growth consensus stands at +1.1% (broadly unchanged).
MNI, KOF ETH
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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.