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Source: KOF Economic Institute

The KOF Economic Barometer falls slightly in March and now stands at 101.5 points. The Barometer had recorded repeated increases since mid 2023 and is now stabilizing above its long-term average. The outlook for the Swiss economy therefore remains positive.

The KOF Economic Barometer stands at 101.5 points in March, 0.5 points lower than in February (revised from 101.6 to 102.0 points). The decline is primarily due to indicator bundles of the construction sector and indicator bundles capturing private consumption. However, indicators for the finance and insurance sector are sending slightly positive signals.

In the goods producing sector (manufacturing and construction), indicators for the assessment of employment prospects and for order backlogs decline in particular. In contrast, a strong positive signal is sent by indicator bundles covering the situation for intermediate goods.

Within the manufacturing industry, indicators for the textile industry, the metal industry and the wood, glass, stone and earth sector are mainly responsible for its positive development. By contrast, indicators for the vehicle and mechanical engineering sector are sending a slightly negative signal.