Thursday, December 29, 2011

Swiss Economic Data Confirm European Weakness

Shhh, don't tell the Swiss I implied they're European.

From Strawberry Blonde's Market Summary:

Yet Another Indicator Confirming European Economic Weakness
A quick time-out from my mini-holiday to report this...

Data released today showed a further drop in the Swiss economy, as shown on the graph below (courtesy of It's a combined reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence, and housing. It's designed to predict the direction of the economy over the following 6 months. The impact tends to be significant, but varies from month to month. It's just another set of data that's been released lately which confirms weakening in the European economy.

(click to enlarge)