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- In October 2016 the KOF Economic Barometer pointed visibly above its long-term average
In October 2016 the KOF Economic Barometer pointed visibly above its long-term average
In October 2016, the KOF Economic Barometer, with a new reading of 104.7, pointed visibly above its long-term average. The strongest impulses contributing positively to the dynamics of the Barometer came from hospitality services and manufacturing. The only negative impacts came from the financial sector.
Within the manufacturing sector, the improved outlook is manifesting itself primarily in the electrical and machine building industries. Wood-processing and timber were the negative outliers.
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