Market Updates: KOF Economic Barometer Halts its Drop - Forex News by FX Leaders

Market Updates: KOF Economic Barometer Halts its Drop

Posted Friday, March 29, 2019 by
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.

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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