Market Updates: KOF Economic Barometer Halts its Drop
Arslan Butt • 1 min read
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.
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.
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.