Forexpros – Switzerland’s leading economic barometer fell significantly more-than-expected in November, falling to a new low, industry data showed on Wednesday.
In a report, the KOF Economic Research Agency said its index of 12 leading indicators declined by 0.4 points to 0.35 in November, down from October’s reading of 0.75, which was revised down from a previously reported 0.80.
Analysts had expected the index to fall by 0.12 points to 0.63 in November.
Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF gaining 0.31% to trade at 0.9238.
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