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Swiss Leading Index Suggests Less Encouraging Outlook

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

A leading indicator for turning points in Switzerland's economy signaled that the near term outlook for the economy was likely less than encouraging, results of a survey by the KOF Swiss Economic Institute showed Tuesday.

The KOF Economic Barometer fell by 4.0 points, to 86.5 from 90.5, which was revised from 90.1.

A downward trend has been emerging since the last peak in May 2021, the think tank said. This has now continued unabated for four months in a row, the KOF added.

The KOF attributed the latest decline primarily to indicators broadly associated with private consumption.

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