FXstreet.com (Barcelona) - The KOF economic barometer has declined in May to 1.09 from the 1.21 revised level posted in April, which points out to a further slowdown for Swiss GDP, although it still remains positive in the year on year basis, according to the latest report by the KOF institute.

Down to sectors, the module Core GDP, which excludes construction and banking, is pointing downwards, yet in a comparatively high level, while the Construction module moves sideways in a area close to zero, and the Banking module points down already in negative level.