Swiss KOF Economic Barometer demonstrated a minor dip, decreasing by -0.1 to settle at 95.8 in September. This figure modestly surpassed the expected mark of 95.6, indicating a slightly more favorable scenario than anticipated.
However, this marginal decrease also reflects that Barometer is continuing its trend of hovering just below the long-term average. The KOF (Swiss Economic Institute) elaborated on this trend, noting that “together with the small movements of the Barometer since the summer, this indicates a weak but stable development of the Swiss economy towards the end of this year.”
KOF pointed out that “the slight decline is primarily attributable to bundles of indicators from the manufacturing sector and to indicators concerning foreign demand.”
It’s not all subdued tones. KOF also highlighted some positive aspects, stating, “Indicators from the finance and insurance sector and the hospitality sector are sending positive signals.”
