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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland KOF Leading Indicators climbed to 103.5 in July 2026
FMPMonthlyReleased July 2026
Switzerland KOF Leading Indicators climbed to 103.5 in July 2026, up 1.4 from June's 102.1 reading. The reading matched the 101 consensus. KOF Leading Indicators has now risen for 5 consecutive months. Over the past 3 months, KOF Leading Indicators averaged 99.6, vs 99.4 in the prior 3-month window. The reading is in the 86th percentile of the trailing 24-month range.
Latest Release
103.5
Actual
101
Consensus
102.1
Previous
Median Absolute Error
±1.84
across last 12 releases
Last Call
Jun 2026
Predicted: 98.2
Actual: 101.2
Error: -3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.58 | INDEX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.31 | INDEX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.25 | FOREX | Moves with | → 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 103.50 in July 2026. This beat the market consensus of 101.00 by 2.50. The reading rose from the previous value of 102.10. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 100.38, ranging from 96.10 to 104.20 across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 98.43, down from the prior three at 103.37. Volatility over the past year (σ 2.65) is comparable than the prior year (σ 2.57). In June readings over the past 3 years, KOF Leading Indicators has averaged 100.00.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with CHF/JPY, positively correlated (Bullish CHF). Over the last 12 releases, the Sigmacast model's median absolute error is 1.84.
WHAT TO WATCH NEXT
The next release is scheduled for August 28, 2026. Same-country events in the next 14 days include Retail Sales YoY (Jul 31) and CPI MoM (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jul 2026): actual 103.5, consensus 101. Prior reading (Jun 2026): 101.2. Before that (May 2026): 98.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.58) — a useful reference for index-focused traders.
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Economic Calendar - CH Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CH | KOF Leading Indicators | 103.5 | 102.1 | 101 | 102.25 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | CH | Retail Sales MoM | 0.5 | 1 | 0.90 | Low | |
| 06:30 | CH | Retail Sales YoY | 3.5 | 3.2 | 2.95 | Medium | |