empty
 
 

2021.09.3012:11:00UTC+00Swiss Leading Index Signals Further Weakening In Recovery

A leading indicator for the Swiss economy signaled that the economic recovery after the pandemic is set to slow further in the coming months.

The economic barometer dropped to 110.6 in September from 113.5 in August, results of a survey by the KOF economic institute showed Thursday. Economists had forecast a score of 110.

The indicator eased for fourth straight month. Despite the slowing in recent months, the barometer remains above its long-term average.

The recurring decline is primarily attributable to bundles of indicators concerning foreign demand, the think tank said.

Further, the manufacturing sector indicators also gave negative signal, followed by those of the other services sector. Meanwhile, indicators from the finance and insurance sector gave slightly positive impulses, KOF said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback