KOF Economic Barometer


DEFINITION of 'KOF Economic Barometer'

A composite indicator that provides a reliable reading on the direction of GDP growth for the Swiss economy compared with the year-earlier quarter. The KOF Economic Barometer is based on a multi-sectoral design with three modules: core GDP, construction and banking. The barometer has a complex structure, as it bundles as many as 20 individual indicators in several steps. It is published monthly by the KOF Swiss Economic Institute.

BREAKING DOWN 'KOF Economic Barometer'

Although the KOF Institute cautions that no conclusions can be drawn about the level of the GDP growth rate on the basis of the KOF Economic Barometer, the barometer is closely followed by participants in the financial markets. Barometer readings that are higher than expected may have the effect of strengthening the Swiss franc, while lower than anticipated readings may weaken it.

  1. Gross Domestic Product - GDP

    The monetary value of all the finished goods and services produced ...
  2. Swiss National Bank

    The Swiss National Bank is the bank that is responsible for setting ...
  3. Barometer

    A compilation of market and economic data that represents a general ...
  4. CHF (Swiss Franc)

    The currency abbreviation for the Swiss franc (CHF), the currency ...
  5. Economic Indicator

    An economic indicator is a piece of economic data, usually of ...
  6. Trade Credit

    An agreement where a customer can purchase goods on account (without ...
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