Switzerland’s KOF Economic Barometer rose more than expected in October, advancing from 98.0 to 101.3 against forecasts of 99.0. The index’s move above the 100-threshold suggests that short-term prospects are now slightly above the long-term average, hinting at a firmer growth backdrop heading into year-end.
The KOF Institute noted that most indicator groups contributed positively to the uptick. In particular, manufacturing, financial and insurance services, and other service industries all displayed a more favorable outlook. However, the report pointed out a setback in private consumption, underscoring that household spending remains a relative weak spot even as business sentiment strengthens.
