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Swiss KOF economic barometer falls in line with expectations

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Forexpros - Switzerland's leading economic barometer fell in line with market expectations in June, industry data showed on Wednesday.

In a report, the KOF Economic Research Agency said its index of 12 leading indicators declined to 2.23 in June, in line with expectations, from 2.30 in May.

Accordingly, the Swiss economy should continue to grow markedly, but with decreasing dynamics.

The report said that the year-on-year growth of Swiss gross domestic product should continue to reach relatively high levels, albeit with diminishing growth rates.

Following the release of the data, the Swiss franc was slightly higher against the U.S. dollar, with USD/CHF shedding 0.07% to trade at 0.8314.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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