Swiss Leading Indicator Fall as Pessimistic Growth Outlook
Swiss Leading Indicator Fall as Pessimistic Growth Outlook
Switzerland’s leading KOF indicator dropped to the lowest level in at least five years. The indicator predicts the economy’s direction about six month ahead fall to -0.05 from revised 0.28 reading in October and far below economists expected of 0.20. This is the first time the KOF index […]
Swiss Employment Beats Estimates Despite the Dour Outlook by the SNB
Swiss Employment Beats Estimates Despite the Dour Outlook by the SNB
Employment opportunities in Switzerland increased 2.0% in the third quarter despite expectations for a 1.9% gain. Meanwhile, the employment reading for the second quarter was revised higher to 3.4% from 2.4%, which suggests that labor demands may have peaked during the first half of the […]
Flaherty offers no hints of stimulus package
Finance Minister Jim Flaherty made no promises Monday that a stimulus package might be forthcoming when he delivers his economic update later this week.
The federal government will update the House of Commons on where it expects the Canadian economy is headed, Flaherty said during a news conference, but he didn’t offer any plans for a […]