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KOF Swiss Leading Indicator - Economic Data Preview
Monday, 29 December 2008 02:20:55 GMT  |  Ilya Spivak, Currency Analyst
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Switzerland's KOF Leading Indicator is expected to print negative for the second consecutive month in December, falling to the lowest in over 5 years. The metric is an index of six indicators of Swiss economic performance for the following six to nine months. The negative reading suggests the mountain nation will not see economic growth for much of the coming year. Indeed, a composite of economists’ expectations compiled by Bloomberg suggests the economy will shrink 1% in 2009.

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