"Market participants are somehow realizing again that the Greek problem is far from over"
- Stephane Ekolo, chief European strategist at Market Securities
The KOF economic barometer, which indicates the expected performance of the Swiss economy over the following six months, declined to -0.17 January from 0.01 in December, the lowest level since July 2009.
Swiss stocks edged lower on Friday after U.S. economic growth missed expectations and Greece continued negotiations with private bondholders.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, tumbled 1.10%, or 66.91 points, to 6,033.52. The broader Swiss Performance Index decreased 0.93%, or 51.10 points, to 5,463.88.
"Market participants are somehow realizing again that the Greek problem is far from over," said Stephane Ekolo, chief European strategist at Market Securities in London.
"The stock market really needs to retreat significantly unless we see concrete signs of a solution for the European debt crisis."
© Dukascopy Bank