A leading indicator of Switzerland's economic activity increased for a second consecutive month in May, the KOF Institute said in a report on Friday.
The economic barometer rose to 1.10 in May from April's revised score of 1.04. The indicator has gained 0.02 points in April.
"The positive trend is strengthening," KOF said in the report. "The Swiss economy should consequently gather some momentum." it added.
The institute noted that the prospects for Swiss industry and construction have improved and the situation in banking is stable. However, the outlook for consumption is somewhat gloomier, the report said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.