According to the report from KOF Economic Research Agency, the economic barometer increases significantly in June. After the sharp declines of the last three months, the barometer is thus rising again for the first time. However, with a value comparable to April, the barometer is still considerably below its long-term average. As a result, the prospects of the Swiss economy are very subdued, but brightening up somewhat compared to the previous months.
The KOF Economic Barometer rises by 9.8 points in June, from 49.6 (revised from 53.2) to 59.4. The negative tendencies of the indicator groups of the individual sectors, which had led to a halving of the barometer value since the beginning of the year, now seem to have been halted. The outlook for the manufacturing sector remains at a very low level, but is brightening up the strongest compared to the other sectors. Also starting from a very low level, the sets of indicators from other services and construction are sending slightly more positive signals. By contrast, the prospects for the hospitality industry and those of consumers remain bleak.
Within the manufacturing sector, all sub-indicators point in an upward direction. The outlook for the metal industry, which has slumped sharply in previous months, is now brightening up most strongly compared to other sectors. In a comparable manner, indicators from the mechanical engineering industry, the wood, glass, stone and earth industry, the electrical industry and the textile and clothing industry are sending a somewhat more positive signal. By contrast, the outlook for the chemical, pharmaceutical and plastics industry remains virtually unchanged.
The incipient trend reversal, starting from a historically low level, within the good producing sector (manufacturing and construction) is mainly due to indicators for the assessment of order backlogs, production and the overall business situation. The assessment of intermediate goods also contributes to the somewhat brighter development of the good producing sector.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.