FXstreet.com (Barcelona) - The growing pace the Swiss KOF Leading Indicator has been going through since the beginning of the year, seems to have slowed down in the latest months as the indicator is almost moving sideways, according to the latest report by the KOF institute.

The level of the Swiss KOF economic barometer has decreased slightly to 2.02 from revised 2.04 in September, previously estimated 2.14.

Down to its various components, core GDP (overall economy excluding construction and banking) has moved sideways, while the module indicators Construction and Banking have declined slightly.