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Swiss KOF Economic Barometer: Further Decrease
The KOF Economic Barometer decreased in January 2015 by 1.8 points to a value of 97. After the indicator had hardly changed at the end of 2014, it now falls a little further below its longterm average. Of the 217 variables that go into the indicator, 180 stem from the KOF business surveys. In the surveys completed in January, nearly 94% of the participants responded before the repeal of the currency floor by the Swiss National Bank. Because the policy change of the National bank probably came as a surprise for many companies, the January figure of the KOF Barometer reflects the new situation only very limited. ... (full story)