Navigation

Skiplink Navigation

Main Features

Leading Swiss indicator points to economic slowdown

Economic growth in Switzerland is set to return to the long-term average of two per cent in the coming quarters, according to the Swiss Institute for Business Cycle Research's latest leading indicator.

The main Swiss indicator dropped sharply to 0.86 in December from a downwardly revised 0.94 in November. December's indicator is the first to drop below 1.0 since October 1999.

An economist with the Institute said the drop below 1.0 indicated average growth for the economy. He said the indicator vindicated the Swiss National Bank's decision not to raise interest rates in December, despite inflationary fears.

He said the slowdown between November and December was mainly due to weaker growth in new orders in industry, which could reflect a slowdown in exports to the United States.

swissinfo with agencies


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletter and get the top stories delivered to your inbox.

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×