FXstreet.com (Barcelona) - Leading Indicators declined to the level of 2.02 points in November from the 2.04 points posted in October, according to the latest report by KOF Swiss Economic Institute.

Market experts were anticipating a sharp decline to the level of 1.98 points in the month. October's data was upwardly revised from the level of 2.02 points originally posted.

The Kof barometer is based on three modules. The module Core GDP, which exludes construction and banking, signals a sideways trend. Module construction fell slightly in November and Module banking remained at the same level that the one posted in October.