Swiss KOF Economic Barometer rose to 104.3 in December, up from 103.7, above expectation of 100.5. The barometer reached a value above the long-term average back in August, and was able to maintain throughout the second half of the year.
KOF noted: “The slight increase is driven by bundles of indicators from the manufacturing sector and private consumption. An additional positive signal is sent by indicators for the financial and insurance service sector. By contrast, negative impulses are coming from indicators for foreign demand.”
