The Konjunkturforschungsstelle Swiss Institute for Business Cycle Research released the KOF Leading Indicator for August this morning. The indicator -or barometer as it is often referred to - which captures the movement of GDP growth and the economic trend in Switzerland, showed the same reading as July.
The indicator showed a level of 97.0 for July and August but, according to the official report, it is believed that during the next few months the Swiss economy can be expected to perform moderately.
Referring to the outcome of the survey, on which the index bases its findings, the report states “this, however, conceals slight shifts amongst the components underlying the Barometer.” More specifically, the report refers to consumer prospects and manufacturing, where more favourable signals were indicated.
While manufacturing is seen in a positive light for the economy, other indicators like accommodation, construction, food services activities, financial, insurance and other services, “tend to point to stagnation or slight deterioration in economic sentiment.”
View the report here: http://bit.ly/2LjsUc2.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. 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.