National economy KOF economic barometer brightens surprisingly in March
The economic recovery in Switzerland is making progress. The outlook for the economy is robust, as the KOF Swiss Economic Institute at ETH Zurich announced on Friday.
28.03.2025, 09:12
SDA
The economic barometer compiled by the KOF rose by 1.3 points to 103.9 points in March. The February figure was also revised upwards to 102.6 points.
The barometer remains above the medium-term average and the outlook for the Swiss economy remains robust, according to the ETH economists. It is also above the expectations of analysts, who had forecast a value between 101.9 and 103.0 points.
The indicators on the manufacturing side reflected this positive development, the report continued. In particular, the indicators for manufacturing, other services and construction increased.
On the demand side, consumer demand developed positively, while the indicators for foreign demand remained unchanged.
Within the manufacturing industry, the outlook for the general business situation, the order situation and production activity in particular was more favorable than before. However, the indicators for the intermediate goods situation had to take a back seat.
Within the manufacturing sector, developments were mixed. While the outlook for the wood, glass, stone and earth and electrical industries deteriorated, the outlook for the paper and printing products, vehicle and mechanical engineering, chemical and pharmaceutical companies brightened.
