Switzerland's KOF leading indicator continued to improve in March, increasing to 1.93 from 1.90 in February. March's result betters the reading of 1.91 expected by analysts and marks the highest level for the indicator since November of 2007.
The KOF Swiss Leading Indicator is released by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research and it's a joint survey with leading indicator which measures future trends of the overall economic activity. It captures the movement of GDP growth and the economic trend in Switzerland. An optimistic view is considered as bullish for the CHF, whereas a pessimistic view is considered as bearish.
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