1st quarter 2024: Business Cycle Weakness Eased Slightly

29 May 2024 - News
The weak performance of Liechtenstein’s economy has eased slightly. The value of the KonSens business cycle index rose in the first quarter of 2024 compared to the previous quarter, from −0.9 to −0.2.

While employment and foreign trade in goods developed positively, the business survey data remains below its long-term average despite the recent improvement. The KonSens has now been in negative territory for nine quarters, signaling below-average quarterly growth in historical comparison. This is the longest period of negative index values since the negative phase of 2001–2003 (ten quarters).