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Forex News / Swiss Leading Indicator Falls to Record Low in April as Global Trade Deteriorates

29.04.2009

Swiss Leading Indicator Falls to Record Low in April as Global Trade Deteriorates

Forex News /

The KOF important indicator representing Switzerland plunged to -1.86 in April, which is the lowest even since the series began in 1991, while the reading representing February were revised a little higher to -1.65 from an initial reading of -1.79. The facts continues to highlight a weakening outlook representing the export-driven economy as the district faces its worst pecuniary downturn in more than three decades




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