Geneva (dpa-AFX) -A measure signalling future turning points in the Swiss economy improved to the strongest level in four months, results of a survey by the KOF Swiss Economic Institute showed Tuesday.
The economic barometer rose to 101.2 in June from a revised 98.6 in May. Moreover, it remained above the medium-term average of 100. The expected score was 98.2.
On the demand side, both the indicator bundles for foreign demand and private consumption signalled a favorable outlook, the survey said.
Positive signs are also evident in the production side, especially among indicators within manufacturing.
Within manufacturing, the sub-indicators for the textile industry, for machinery and equipment manufacturing, and for paper and printing products show a brightened outlook.
