Sentiment in the Swiss economy brightens slightly
Keystone-SDA
Expectations for the Swiss economy improved slightly in November. Following the significant increase in the previous month, the KOF Economic Barometer remains above its medium-term average.
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Specifically, the economic barometer compiled by the KOF Institute climbed by 0.2 points to 101.7 points. Sentiment had already brightened in October.
The estimates for the November figure, compiled by the news agency AWP, were slightly lower at 98.5 to 101.0 points.
According to the KOF economists, the indicators for foreign demand and consumer demand in particular show a more favourable outlook. The indicators for financial and insurance service providers and the construction industry, on the other hand, have to take a back seat.
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Meanwhile, the outlook for sub-sectors of the manufacturing industry is mixed: while the indicators for chemical and pharmaceutical companies are rising, the indicators for paper and printing products and the metal sector are under pressure, according to the press release.
The KOF Economic Barometer is a so-called leading composite indicator. It is based on a large number of indicators and is intended to show how the Swiss economy is likely to develop in the near future.
Translated from German by DeepL/ts
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