Investing.com – Switzerland’s leading economic barometer fell less-than-expected in September, industry data showed on Wednesday.
In a report, the KOF Economic Research Agency said its index of 12 leading indicators fell to 2.21 in September, after declining to 2.22 in August, whose figure was revised up from 2.18.
Analysts had expected the economic barometer to fall to 2.12 in September.
The report added that “the current pace of Swiss economic growth will remain throughout the next few months, however a further acceleration is not likely”.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.05% to hit 0.9764.
In a report, the KOF Economic Research Agency said its index of 12 leading indicators fell to 2.21 in September, after declining to 2.22 in August, whose figure was revised up from 2.18.
Analysts had expected the economic barometer to fall to 2.12 in September.
The report added that “the current pace of Swiss economic growth will remain throughout the next few months, however a further acceleration is not likely”.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.05% to hit 0.9764.