Swiss KOF Economic Barometer fell from 101.9 to 100.3 in May, falling short of expectations of 102.2. This year, the barometer has managed to stay only slightly above its medium-term average. KOF noted, “Although the Swiss economy is robust, it is not showing much vigour beyond that.”
Indicators for manufacturing, financial and insurance services, and foreign demand all slowed down after positive developments in the previous month. However, indicators for private consumption and the construction industry helped cushion the decline with increases.
