Switzerland’s leading index, which measures the future economic activity, increased more-than-expected in March, after falling in the previous two months, survey figures from the Swiss Economic Institute KOF showed Monday.

The KOF economic barometer rose slightly by 0.5 points to 90.8 in March from a revised 90.3 in the previous month. Economists had expected the index to climb to 90.3 from February’s original score of 90.1.

After the rapid fall of the composite indicator in the first two months of the year by nearly 9 points, it has now stabilized, albeit at a comparatively low level, the survey said.

The modest increase in the leading index was mainly driven by a recovery of the indicators related to domestic consumption, manufacturing and exports. In contrast, the sentiment in construction and in the financial sector declined further in March.

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