by The KOF Economic Barometer for May fell by 3.3 points to a new standing of exactly 100 points. The last time the Barometer had a similar standing was in December 2015. The current value of 100 points to an average development of the Swiss economy in the coming months. In May, the KOF Economic Barometer fell by 3.3 points to 100 points from revised 103.3 in April (first publication in April: 105.3). Within a few months’ time, the Barometer has therefore reached its long-term average after over two years of above average values. At least for the time being, this indicates a normalization of economic development. The decrease by 3.3 points is mainly driven by the negative development of the indicators for
Topics:
KOF Zurich considers the following as important: 2) Swiss and European Macro, Featured, newsletter, Switzerland KOF Economic Barometer
This could be interesting, too:
Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?
Connor O'Keeffe writes The Establishment’s “Principles” Are Fake
Per Bylund writes Bitcoiners’ Guide to Austrian Economics
Ron Paul writes What Are We Doing in Syria?
The KOF Economic Barometer for May fell by 3.3 points to a new standing of exactly 100 points. The last time the Barometer had a similar standing was in December 2015. The current value of 100 points to an average development of the Swiss economy in the coming months.
|
In May, the KOF Economic Barometer fell by 3.3 points to 100 points from revised 103.3 in April (first publication in April: 105.3). Within a few months’ time, the Barometer has therefore reached its long-term average after over two years of above average values. At least for the time being, this indicates a normalization of economic development. The decrease by 3.3 points is mainly driven by the negative development of the indicators for manufacturing and the construction sector. Further negative contributions, albeit a little less pronounced, came from the indicators for consumption and the export sector. The accommodation and food service activities as well as the banking sector showed an increase in May. In the goods producing sector (manufacturing and construction), in particular the indicators of employment deteriorated. Further negative contributions came from the indicators for ordering and preliminary products. Within the manufacturing sector, prospects deteriorated especially for the chemical and the wood processing industry. The indicators for the paper industry also contributed negatively. By contrast, the food processing industry developed positively. The decrease in the construction sector was based on a more pessimistic assessment of the situation by architectural as well as engineering offices. |
KOF Economic Barometer, May 2018(see more posts on Switzerland KOF Economic Barometer, ) Source: kof.ethz.ch - Click to enlarge |
KOF Economic Barometer and reference time series: annual update
In September 2017, the scheduled annual update of the KOF Economic Barometer took place. The annual update of the Barometer concerns the following steps: redefinition of the pool of indicators that enter the selection procedure, update of the reference time series and renewed execution of the variable selection procedure. The updated reference series is the smoothed continuous growth rate of the Swiss Gross Domestic Product (GDP) according to the new System of National Accounts ESVG 2010, released in early September 2017, which takes into account the release of the previous year’s annual GDP data by the Swiss Federal Statistical Office. As a result of the indicator variable selection procedure, the updated KOF Economic Barometer is now based on 273 indicators (instead of 272 as in the previous vintage) from a pool of almost 500 potential indicator series. They are combined using statistically determined weights.
Tags: Featured,newsletter,Switzerland KOF Economic Barometer