In July, the KOF Economic Barometer increases noticeably, after decreasing to its lowest value of the year in the previous month. The outlook for the Swiss economy is brightening.
The KOF Economic Barometer increases in July by 4.8 points to a level of 101.1 (after revised 96.3 in the previous month). Among the indicator bundles included in the Economic Barometer, the indicators for manufacturing, for hospitality as well as for other services particularly reflect the positive developments. The indicators for foreign demand and for financial and insurance services, however, are under downward pressure.
The development of the indicator bundles within the producing industry (manufacturing and construction) is predominantly positive. In particular, the indicator bundles for stockpiling of intermediate goods, for the general business situation as well as for production activity exhibit a favourable outlook. While the indicators for the competitive situation are slightly weakening, the indicators for stocks of finished products remain nearly unaltered.
The sub-indicators of the manufacturing industry all show positive developments. The strong impetus is particularly reflected in the sub-indicators of the textile industry, the paper and printing products industry, the machinery and equipment manufacturing industry as well as of the wood, glass, stone and earth segment.
Note
Due to the publication of the revised national accounts at the end of September, the yearly update of the KOF Economic Barometer will be done in October. In previous years, KOF has published the yearly update in September.