FXstreet.com (Barcelona) - Swiss forward looking KOF leading index has declined again in June, which points out to further slowdown for Swiss GDP over the next six months, according to the latest figures by the KOF Institute.

In June, the KOF leading index has declined to 1.01 from 1.08 in may, the latest drop in an indicator which has declined continuously from the 2.1 level it was last August. The index is now considerably below the 1.16 historical average.

The core GDP module, GDP excluding construction and banking, has dropped slightly, although it remains above its historical average, while the construction module continues moving sideways, and the banking module continues sinking.