Swiss KOF Economic Barometer rose to 117.8 in March, up from 102.7, well above expectation of 104.3. The index is now “as high as it was last in summer 2010”, signal a “rapid economic recovery for the coming months”.
KOF said the improvement is “largely due to the indicators from the Swiss manufacturing industry”. The other groups of indicators, both for domestic and foreign demand, all signal a positive development, albeit significantly weaker.
