FX.co ★ Swiss KOF Leading Indicator Drops Below 100, Signaling Softer Outlook for March 2026

Switzerland’s KOF Leading Indicators posted a sharp decline in March 2026, pointing to a potential cooling in the country’s economic momentum. The composite index fell to 96.1 in March from 103.8 in February 2026, slipping below the 100-point threshold that often separates above- from below-trend growth expectations.

The latest reading, updated on 30 March 2026, marks a notable turnaround from the previous month’s level, suggesting a deterioration in forward-looking sentiment across key sectors of the Swiss economy. As the KOF indicator is designed to anticipate economic developments several months ahead, the drop may foreshadow weaker activity in the near term and could prompt investors and policymakers to reassess the outlook for Switzerland’s growth trajectory.