Swiss KOF Economic Barometer rose to 97.4 in March, up from 93.0 and beat expectation of 93.9. The improve is predominantly due to “positive impulses” from manufacturing, as driven by the electrical industry, followed by the metal industry, mechanical engineering and the textile industry.
KOF Noted in the release that “recent downward tendency has at least for the time being ended.” However, the current reading is still “markedly below its average”. Hence, Swiss economy can expect to experience rather weak growth in the coming months.
