Swiss KOF Economic Barometer rose strongly, for the second month, to 85.7 in July, up from 60.6. That’s also well above expectation of 72.5. Nevertheless, “despite this positive development, the value remains clearly below its long-​term average.”

KOF also said, in the manufacturing sector, “the outlook is brightening in all segments”, particularly pronounced in the metal industry, the electrical industry, the wood, glass, stone and earths industry, mechanical engineering and the chemical, pharmaceutical and plastics industry.

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