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Financial News: Swiss KOF Economic Barometer Continues To Strengthen

Swiss KOF Economic Barometer Continues To Strengthen

12/22/2017 - 05:59:00 (RTTNews)

(RTTNews) - A measure signaling future turning points in the Swiss economy continued to strengthen in November, survey data from the KOF Swiss Economic Institute showed Friday.

The economic barometer rose to 111.3 points from revised 110.4 in November. This was the highest since June 2010.

The improvement in the index was largely driven by the positive development of the indicators for the banking sector.

Further positive contributions came from the export sector and to a smaller extent from the indicators for manufacturing, consumption and accommodation.

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