In August, the Zurich institute’s economic barometer fell by 4.0 points, from 90.5 (revised from 90.1) to 86.5.
The KOF economic barometer fell by 4.0 points in August and now stands at 86.5, a level well below the long-term average. It is therefore to be expected that the Swiss economy will develop gloomily in the near future.
In August, the KOF economic barometer fell by 4.0 points, from 90.5 (revised from 90.1) to 86.5. It is now very clearly below its average value of 100. For four months, with the peak reached in May 2021, the downward trend has been continuous.
The indicators responsible for this decline are primarily those of the consumer sectors. Nevertheless, the manufacturing industry and the construction sector are also sending negative signals. On the other hand, the other indicators taken into account in the calculation of the barometer show little change.
In the production sector (manufacturing industry and construction), it is above all the situation of intermediate products and employment which is considered to be problematic, while the situation concerning order books and current production are considered to be positive way. This situation therefore indicates that bottlenecks in the supply chains are still present and that companies are facing recruitment problems.
In the manufacturing industry, it is above all the metallurgical industry which is showing signs of deterioration, but the electrical, chemical and textile industries are also announcing a drop in morale. Slightly positive signals come from the wood and paper industry.