Swiss KOF Economic Barometer rose to 105.3 in April, up from 105.1 but missed expectation of 106.0.
KOF noted in the release that “although the Barometer currently does not reach the positive values seen at the turn of the year 2017/2018, the current value is clearly above long-term average.” And, “the Swiss economic outlook remains favourable.”
Also KOF said that even though the 0.2 pts rise was “tiny”, “it is broadly visible in the economic sectors included.” It noted that “the indicator bundles for manufacturing, accommodation and food service activities, banking, construction and consumption all showed slight increases in April.”
However, “an exception is the indicator set for export prospects; it deteriorated in April.”
