Switzerland: KOF Economic Barometer picks up in December
The KOF Economic Barometer came in at 92.2 in December, up from November’s 89.2 and marking an end to five straight months of falling readings. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.
Decembers rise was driven by positive signs from the manufacturing, finance and hospitality sectors.