Swiss KOF Economic Barometer rose to 100.1 in January, up from 96.4, beat expectation of 96.5. The reading is higher than any levels reported back in 2019. KOF said “the Swiss economy can free itself somewhat from its shackles”.
“The indicator bundle for manufacturing is no longer as unfavourable as before and the prospects for other services have improved. In addition, the changes in the indicators for foreign demand, accommodation and food service activities, financial and insurance services and construction are slightly positive. The private consumption prospects are practically unchanged.”
