KOF Barometer Rises to 109.1 as Switzerland's Growth Outlook Remains Favorable

Switzerland's KOF Economic Barometer rose to 109.1 in September, exceeding economists' expectations of 106.

The improvement was broad, with stronger signals in manufacturing, services, and construction.

KOF noted that the outlook for foreign demand softened slightly and warned that employment prospects are under pressure, particularly in the producing side of the economy.

The barometer's strong reading can influence traders' expectations of Switzerland's near-term growth and the Swiss National Bank's policy decisions.