The KOF economic barometer—a leading indicator for future GDP growth—jumped to 1.85 points in November, up from a revised 1.71 points in October (previously reported: 1.72 points). The reading represents the eighth consecutive improvement in the index, which now sits at the highest level since July 2011. The increase was just above market expectations of a rise to 1.84 points. The KOF Institute pointed out that, “the positive trend is mainly driven by domestic consumption.”
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