In October, the KOF Economic Barometer continues to increase. After rising in the previous month, the Economic Barometer now climbs above its medium-term average. The outlook for the Swiss economy is improving.
The KOF Economic Barometer increases in October by 3.3 points to a level of 101.3. Most of the indicator bundles included in the KOF Economic Barometer evince these positive developments. In particular, the indicator bundles for manufacturing, for financial and insurance services, and for other services show a more favourable outlook. The indicators for private consumption, however, experience a setback.
Within the producing industry (manufacturing and construction), the sub-indicators for the different aspects of business activity mostly indicate a positive outlook. The sub-indicators for stockpiling of intermediate goods as well as for stocks of finished products show a brightening outlook in particular. The sub-indicators for the competitive situation, however, are weakening.
Within manufacturing, the developments of the sub-indicators are mixed. While the sub-indicators for the electrical industry, for the metal industry, and for the wood, glass, stone and earth segment exhibit positive developments, the outlook for the sub-indicators for paper and printing products, for the chemical and pharmaceutical industry as well as for food and beverage producers is dampened.