A survey by the KOF Swiss Economic Institute indicated a dip in a crucial measure predicting future trends in the Swiss economy. This decrease was recorded in March, although the outlook for the economy remains positive, as the index is still higher than its long-term average.
The economic barometer dropped slightly to 101.5 in March, down from February's adjusted 102.0. This contradicts the prediction that the index would remain stable at 102.0, according to economists.
Despite this slight downward trend, the index is still stabilizing above its long-term mean, signifying a positive forecast for the Swiss economy, according to KOF.
The fall in March was chiefly attributed to markers in the construction sector and those encapsulating private spending. Conversely, an upward trend was discernible in the financial and insurance sectors.
Within the goods production sector, comprising both manufacturing and construction, indicators projecting employment prospects and order backlogs notably decreased. However, a strong positive signal was observed in the intermediate goods situation.
