Swiss economic outlook improves

Swiss economic outlook improves slightly in May Keystone-SDA

The Swiss economy saw the clouds that had gathered over its prospects lift somewhat in May. However, the KOF economic barometer is still below its long-term average.

+Get the most important news from Switzerland in your inbox

The indicator recovered 1.4 points to 98.5, driven in particular by the secondary sector. Conversely, foreign demand and private consumption are showing signs of weakening, according to the KOF Swiss Economic Institute at the federal technology institute ETH Zurich in its regular publication on Friday.

+ Swiss economy facing ‘high downside risks’

The industrial sub-components of chemicals and pharmaceuticals, wood, glass, stone, food and paper and printing have all recovered. Textiles and metallurgy, on the other hand, took a beating.

Published since 1970, the KOF economic barometer is calculated on the basis of figures from the Federal Statistical Office and the State Secretariat for Economic Affairs (SECO). It takes into account more than 500 variables.

Translated from French by DeepL/ts

How we work

We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

Did you find this explanation helpful? Please fill out the short survey below to help us understand your needs.

Don’t miss your chance to make a difference! Take our survey and share your thoughts.