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KOF Economic Barometer Prospects are Brightening
In February, the KOF Economic Barometer increased again. It climbed by 2.0 points up to 102.4. While the Barometer was very close to its historically long-term average in January, it is now somewhat above this long-term average. In the following months, the Swiss economic development might gather momentum. The rise of the Barometer is mainly a result of the positive development in manufacturing. This is re-markable as the international indicators for the export destinations of the Swiss companies are signaling increasing clouds. Overall, the indicators for the financial sector increased. Nearly unchanged are the ... (full story)