According to the April survey of the economic research Institute KOF at the ETH, the business situation indicator, which has fallen for the fifth month in a row. In Manufacturing, wholesale trade, and hospitality and “other services” have continued the downturn trend from the previous months, say it in a message to the KOF from Tuesday. Easily the business situation indicator increased in the planning area.

Significantly, the indicator has risen, the survey in the retail trade, in the area of financial and insurance services and construction. Compared with the beginning of the year 2019, only the construction and the planning area have recorded a positive development. All the other sectors of the economy in the previous year tended to come under pressure.

deteriorated further

The companies ‘ expectations for the coming half year have not deteriorated according to the survey, however, they are cautiously optimistic. The Swiss economy is still in a difficult environment, concluded the KOF.

In the KOF business survey for April have been incorporated responses from more than 4’500 companies from industry, construction and key service sectors. The return rate of the survey was approximately 61 percent. (SDA)