Switzerland’s KOF Leading Indicator rose to 106.7 in July, surpassing the 103.3 market forecast and signaling stronger momentum than analysts expected. The KOF Swiss Economic Institute said the improvement was broad-based, with particularly strong contributions from manufacturing and financial sectors. The composite index combines data including manufacturing orders, consumer sentiment and construction activity to anticipate turning points in Switzerland’s business cycle over the following six months. A reading above 100 indicates above-average growth. The new update identifies the 106.7 reading as July, while the existing record had dated it to August 2026 and described it as the strongest level since November 2021. The earlier record also cited gains in other services and foreign demand, alongside pressure on private consumption, and detailed improvements in intermediate-goods inventories, employment prospects, production activity and order backlogs. The reading could influence expectations for Swiss economic growth and the Swiss National Bank’s policy stance, although the indicator is not a guarantee of future performance.