Economy

Swiss Economy Shows Promising Signs of Recovery in January: KOF Report

Economic Recovery in Switzerland

January marked a significant turnaround for the Swiss economy, as the KOF Economic Barometer climbed to 101.6 points, up from 99.6 in December 2024. This improvement signals a shift into the "above-average range," indicating a brighter economic outlook.

Sector-wise Growth and Challenges

Several sectors contributed to this positive shift, including manufacturing, other services, financial and insurance services, and hospitality. However, the construction industry faced challenges, showing signs of weakening. Additionally, foreign demand and private consumption indicators displayed a downward trend, suggesting areas that may require attention in the coming months.