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- KOF leading indicator for Switzerland declines to 97.9 in November
KOF leading indicator for Switzerland declines to 97.9 in November
The Swiss Economic Institute KOF released its leading indicator for Switzerland on Monday. The KOF leading indicator declined to 97.9 in November from 100.4 in October, missing expectations for a fall to 100.2. October's figure was revised up from 99.8.
"The decrease of the Barometer in November is predominantly driven by a marked deterioration of sentiment reflected by the indicators on Swiss manufacturing activity. Another negative, but considerably less pronounced, contribution stems from the indicators related to exports," the KOF said.
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