Switzerland KOF Economic Indicator Declines for Sixth Month
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Switzerland’s economic indicator fell for a sixth month in October, adding to signs of a deepening slowdown.
The monthly gauge that aims to predict the economy’s direction about six months ahead dropped to 0.8 from 1.21 in September, the KOF Swiss Economic Institute in Zurich said in an e-mailed statement today. That’s the lowest since Sept. 2009. Economists forecast a drop to 1.0, the median of 13 estimates in a Bloomberg News survey shows.