Swiss KOF Economic Barometer dropped -0.2 to 101.1 in July, below expectation of 101.5. The reading still sit slightly above the long-term average of 100, indicating a slightly above-average economic development in Switzerland in the coming months.
KOF noted in the release that “negative indicators for manufacturing, the export industry and the accommodation and food service activities sector were mainly responsible for the slight decrease.” On the other hand, “positive signals come from the banking and the construction sectors.”.
