Swiss KOF Leading Indicator Rises Further In November

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Friday, the KOF economic Institute said the Switzerland economic barometer stood at 1.62 in November, up from 1.44 in October, revised from 1.45 reported initially. Economists expected a reading of 1.78 for November.

According to the indicator, the annual growth rate of GDP should stay in positive territory. "However, the recovery from the recession appears to be losing momentum." the KOF said.

Friday, the KOF economic Institute said the Switzerland economic barometer stood at 1.62 in November, up from 1.44 in October, revised from 1.45 reported initially. Economists expected a reading of 1.78 for November. (Market News Provided by RTTNews)