Swiss KOF Economic Barometer dropped for he fourth time in a row to 95.0 in January, below expectation of 98.1. It’s now 5pts below its long term average.
KOF noted that “The downward tendency that emerged at the end of last year continues. The economic outlook for Switzerland continues to dampen at the beginning of 2019”. And, “this renewed decline is especially attributable to negative developments within the manufacturing industry and the service industry. In addition, export prospects cloud over.”
