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Market Updates: KOF Economic Barometer Halts its Drop

In March 2019, the KOF Economic Barometer increased and has had a reading of 97.4. However, as the current barometer reading is still considerably below its average, in the coming months the Swiss economy can expect to encounter rather soft growth rates.

Benchmark
A combined reading of 219 economic indicators related to banking confidence, production, new orders, consumer confidence, exchange rate, money supply, interest rate spreads, stock market prices, and housing.

Actual Reading

By the end of March, the KOF Economic Barometer grew from 93.0 (revised from 92.4) by 4.4 points to 97.4. This is undoubtedly because of the positive news from the manufacturing industry. However, the recovery also extended to the other components of the barometer.

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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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