Switzerland’s KOF Economic Barometer rose to 98.0 in September from 96.2, beating expectations of 97.3. The improvement marks a rebound after last month’s dip, though the indicator still lingers below its long-term average, underscoring a “subdued” outlook.
According to KOF, the uptick was driven by stronger signals from manufacturing as well as financial and insurance services. These production-side sectors showed notable improvement, suggesting some resilience in key parts of the economy.
However, demand-side indicators were less encouraging. Foreign demand weakened, while the outlook for private consumption remained unchanged.
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