Capturing Swiss economic confidence

Swiss Journal of Economics and Statistics

Table 1 Set of indicators

Source	Survey	Sector	Freq.	Obs.	N	Std.	Pers.
UBS & CFA Society	Financial market survey	Investors	M	179	14	28.3	0.86
Manpower	Employment Outlook Survey	Whole Economy	Q	71	1	7.2	0.91
Procure.ch & UBS	Purchasing Managers’ Index	Manufacturing	M	339	8	8.4	0.90
		Services	M	111	7	8.9	0.80
SECO	Consumer Confidence Survey	Consumers	Q	104	11	23.8	0.94
Sentix	Economy Index	Investors	M	171	6	20.6	0.81
KOF	Business Tendency Surveys	Whole Economy	M	168	1	10.5	0.92
			Q	113	3	10.1	0.97
		Construction	M	239	32	14.3	0.96
			Q	74	24	7.4	0.93
		Manufacturing	M	311	22	12.2	0.89
			Q	96	23	10.0	0.94
		Services	M	158	12	12.4	0.85
			Q	65	45	14.6	0.92
		Trade	M	265	15	17.3	0.81
			Q	84	28	14.9	0.93

Abbreviations: Obs: Average number of observations per group, N: Number of indices per group, Std.: Standard deviation, Pers: Persistence in terms of AR(1)-coefficient.
Sources: KOF: KOF Swiss Economic Institute, SECO: Swiss State Secretariat for Economic Affairs