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Swiss KOF Economic Barometer: Muted momentum
The KOF Economic Barometer falls again in May after a rise in the previous month. This year it has only managed to stay very slightly above its medium-term average. Although the Swiss economy is robust, it is not showing much vigour beyond that. In May, the KOF Economic Barometer drops by 1.6 points to a level of 100.3 (after a revised 101.9 in April). Although it has been above the average value of 100 in every month since the beginning of the year, it has not yet been able to rise substantially above this level. The indicator bundles for the manufacturing, financial and insurance services and foreign demand slowed ... (full story)