2012.04.2704:16:00UTC+00Swiss KOF Economic Barometer Rises In April

A leading indicator of Switzerland's economic activity increased for a third consecutive month in April, suggesting continued economic growth in year-on-year terms.

The KOF Institute's economic barometer rose 0.31 point to 0.40 in April from 0.09 in March. This indicates that over the coming months Swiss gross domestic product is likely to expand perceivably on a year-on-year basis, KOF said.

The reading is now clearly in positive territory. This suggests that the Swiss economy is gaining momentum and that over the next few months, Swiss economic growth is likely to be distinctively positive in year-on-year terms, the Institute noted.