The KOF leading indicator of Switzerland plunged more than expected to -1.41 in February, which is the lowest level since the series began in 1991, and reinforces the Swiss National Bank's dour outlook for growth. Meanwhile, the December reading was revised down to -0.93 from an initial reading of -0.87 in the previous month. The data continues to highlight a weakening outlook for the Swiss economy, and the condition are likely to deteriorate throughout the year as the Swiss government forecasts the annual rate of growth to contract 0.9% in 2009. As the Euro-Zone, Switzerland's biggest trading partner, faces its worst recession since World War II, the outlook for the export-driven economy bleak as global trade conditions remain far from favorable.



Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this website. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Daily FX. Daily FX and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Daily FX or its affiliates. The reader agrees not to hold Daily FX or any of its affiliates liable for decisions that are based on information from this website. Daily FX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.