FXstreet.com (Barcelona) - The KOF economic barometer has declined in April for its eight consecutive month, which means that Swiss economy will go through a slow GDP growth period for the next two quarters, although it will remain growing in year-on-year terms.

According to the KOF Economic Institute, the Swiss economic barometer has declined to 1.2 in April from 1.54 in March, which, itself, has been revised to 1.40. The leading index has been falling continuously since 2.12 level posted in August last year.

The Core GDP module of the KOF indicator, GDP excluding construction and Banking, has pointed downwards, although yet remaining at a high level, while the Construction module pointed sideways, and the Banking module has entered in levels correspondent to negative growth, after a steady decline over the last six months.