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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland KOF Leading Indicators climbed to 98 in May 2026
FMPMonthlyReleased May 2026
Switzerland KOF Leading Indicators climbed to 98 in May 2026, up 0.2 from April's 97.8 reading. The reading matched the 98 consensus. KOF Leading Indicators has now risen for 3 consecutive months. Over the past 3 months, KOF Leading Indicators averaged 97, vs 103.37 in the prior 3-month window. The reading is in the 28th percentile of the trailing 24-month range.
Latest Release
98
Actual
98
Consensus
97.8
Previous
Median Absolute Error
±1.46
across last 12 releases
Last Call
May 2026
Predicted: 95.05
Actual: 98
Error: -2.95
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.56 | INDEX | Bearish FTSE 100 | → View |
| S&P 500 | ▼ Inverse | −0.40 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
KOF Leading Indicators (Switzerland) was reported at 98.00 in May 2026. This matched the market consensus of 98.00 exactly. The reading rose from the previous value of 97.80. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 99.98, ranging from 96.10 to 104.20 across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 99.43, down from the prior three at 102.53. Volatility over the past year (σ 2.80) is higher than the prior year (σ 2.22). In May readings over the past 3 years, KOF Leading Indicators has averaged 98.93.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.46.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Balance of Trade (Jun 18) and SNB Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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KOF Leading Indicators - CH
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About KOF Leading Indicators — Switzerland
DEFINITION
KOF Leading Indicators is a widely recognized financial indicator that provides valuable insights into the future economic performance of a country. It is based on a composite index of several key economic factors, such as consumer confidence, business sentiment, and stock market trends. This indicator is used by investors, policymakers, and businesses to make informed decisions and anticipate potential changes in the economy. With its reliable track record and comprehensive approach, KOF Leading Indicators is a crucial tool for assessing the overall health and direction of a country's economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 98, consensus 98. Prior reading (Apr 2026): 97.9. Before that (Mar 2026): 96.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.56) — a useful reference for index-focused traders.