Swiss KOF economic barometer dropped to 108.5 in November, down from 110.2, below expectation of 109.0.
KOF said: “The KOF economic barometer moves one step further towards its long-term average shortly before the end of the year. The high-flying of the barometer, which was observed in the middle of the year, is being cushioned by a further corrective movement. However, the barometer remains above its long-term average. The prospects for the Swiss economy remain positive, given that economic activity is not impaired by a recurring spread of the virus.”
