Economics
Swiss KOF at Two-Year Low Signals Deeper Slowdown: Economy
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Switzerland’s forward-looking economic indicator fell to the lowest in more than two years in December, adding to signs of a deepening slowdown.
The monthly gauge, which aims to predict the economy’s direction about six months ahead, dropped to 0.01 from a revised 0.34 in November, the KOF Swiss Economic Institute in Zurich said in an e-mailed statement today. That’s the lowest reading since August 2009. Economists forecast a decline to 0.23, according to the median of 12 estimates in a Bloomberg News survey.