Swiss KOF Economic Barometer dropped 1.4 pts to 100.3 in August, below expectation of 101.2. KOF noted that it “pints to a level that is only marginally above its long-term average.” And, “in the near future Swiss growth should hover around its average over the last ten years.”
Also, it’s noted that “the strongest contributions to this negative result come from manufacturing, followed by the indicators from the exporting sector.” On the other hand, “the indicators related to private consumption give a positive signal. “. Financial and construction sectors were practically unchanged.
