Swiss KOF Economic Barometer Continues To Improve

(RTTNews) - A gauge of Swiss economic activity increased for a ninth consecutive month in December, suggesting that the economy may gain further momentum going forward, a report from the KOF Institute revealed Friday.

The KOF economic barometer increased to 1.95 in December from 1.85 in November. The last time the Barometer had a similar standing was in July 2011, KOF said in the report.

The Swiss economy is expected to gain further momentum in the next few months in year-on-year terms, the institute said. The latest development reinforces confidence in the current upswing phase of the Swiss business cycle, the report added.