In February 2017, the KOF Economic Barometer climbed from 102.0 in January (revised up from 101.7) by 5.2 points to a level of 107.2, which is markedly above its long-term average and as high as it had last stood in the end of 2013. The Swiss franc appreciation shock from early 2015 hence by now appears to have been largely overcome.

The strongest positive contributions to this result come from the manufacturing industry, followed with a clear gap by the hospitality industry. Slightly positive signals stem from the financial sector, the exporting industry and the construction sector, whilst the indicators relating to domestic private consumption have practically remained unchanged compared to January.