Swiss KOF Indicator Falls to 97.9 in November
30 November 2015 - 7:44PM
Dow Jones News
By John Letzing
ZURICH-Switzerland's KOF leading economic indicator fell in
November, as the country continues to grapple with a strengthened
Swiss franc.
The indicator, which is compiled by the KOF Swiss Economic
Institute and projects how the local economy will develop in the
near future, fell to 97.9 in November, compared with a revised
100.4 in the previous month, according to data published on Monday.
Economists had expected a reading of 99.5.
The export-driven Swiss economy has been burdened recently by
the stronger value of the Swiss franc relative to the euro, which
has in turn raised the prices for Swiss goods in primary export
markets in the eurozone.
KOF said on Monday that a negative sentiment on Swiss exports
continued in November, particularly in the metals and electronics
industries.
Write to John Letzing at John.Letzing@wsj.com
(END) Dow Jones Newswires
November 30, 2015 03:29 ET (08:29 GMT)
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