12 days ago • Posted by Jasper Lawler
Swiss leading economic indicator smashes expectation on vaccine optimism
Switzerland March KOF leading indicator index 117.8 vs 104.3 expected. The data measures the future trends of overall economic activity in the Swiss economy.
The improvement in the reading here underscores vaccine optimism and outlook towards 2H 2021 but we'll see if that can keep up if Europe itself struggles to stick to the reopening schedule amid a slower vaccine rollout.