Tuesday, March 28, 2023

KOF economic barometer rose significantly in January

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Even experts didn’t expect it

KOF economic barometer rose significantly in January

The prospects for the Swiss economy are brightening significantly. The KOF economic barometer rose clearly in January.

Published: 12 minutes ago

According to the economic research center KOF, the economic prospects have recently brightened significantly. There are also positive signals from the catering trade. (Iconic image)

The economic barometer climbed to 97.2 points and is thus 5.7 points higher than in December (revised to 91.5 from 92.2 points), as the ETH economic research institute KOF announced on Monday. There had already been an increase in December. Before that, the indicator had receded slightly almost every month for the past year. Despite the current increase, it is still below the long-term average of 100 points.

Economists had expected an increase in advance, but not to this extent. Experts interviewed by the news agency AWP had only forecast values ​​between 92.8 and 94.0 points.

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