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KOF Economic Barometer: Standing still, but slight shifts
The KOF Economic Barometer shows the same reading in August as in the previous month. The Barometer thus continues to indicate below-average momentum. Accordingly, during the next few months the Swiss economy can be expected to perform moderately. In August, the KOF Economic Barometer remained at the previous month’s level of 97.0 (revised from 97.1). This, however, conceals slight shifts amongst the components underlying the Barometer. Somewhat more favourable signals than before are coming from indicators of foreign demand and domestically from consumer prospects and manufacturing. The remaining indicator bundles ... (full story)