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KOF Economic Barometer: Still above average despite decline
The KOF Economic Barometer falls by 0.9 points to 101.6 in February (from a revised 102.5 in January). The outlook for manufacturing and the construction sectors brightened. On the other hand, the outlook for financial and insurance services, hospitality, other services and foreign demand in general worsened. The outlook for private consumption in Switzerland is stable. In the producing sector (manufacturing and construction), indicators such as stocks of finished products, order books and the number of persons employed developed positively. The only indicators developing negatively were those for intermediate goods ... (full story)