On Dec 29th at 10.30GMT the KOF Economic Research Agency released its Econоmic Barоmeter index for December.
Previous value 2.12 Forecast 2.08
KОF Econоmic Barоmeter is a composite indicator based on 12 economic indexes. It is used to define Switzerland’s economic development perspectives for the next 6 months. As a rule the value is volatile.
The 12 indexes are connected with Switzerland’s banking sector, housing market, industrial production, new manufacturing orders and consumer confidence.
The KОF Econоmic Barоmeter index entered the positive zone inSeptember 2009. It has been staying positive ever since even though since July 2010 it has been showing some weakness. It means that the GDP keeps growing while the pace of economic growth starts declining.
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It is an anticipatory indicator. It has a significant on Forex and no impact on stock markets.
The idex is calculated and published by the Zürich-based KOF Economic Research Agency at the end of every reporting month.
Masterforex-V Academy analysts suppose that the Swiss Franc will keep gaining in value against the US Dollar in the short term perspective because low interest rates and declining unemployment make the country’s consumer demand grow, which in its turn pushes the national currency rate up.
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