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- KOF leading indicator for Switzerland drops to 89.7 in June, the lowest level since December 2011
KOF leading indicator for Switzerland drops to 89.7 in June, the lowest level since December 2011
The Swiss Economic Institute KOF released its leading indicator for Switzerland on Tuesday. The KOF leading indicator dropped to 89.7 in June from 92.7 in May, missing expectations for a rise to 93.6. May's figure was revised down from 93.1.
It was the lowest level since December 2011.
The decline was driven by a negative sentiment in all industrial sub-categories.
"The perspectives for the Swiss economy, according to the Barometer, have become more negative for the coming months," the KOF said.
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