About Baromètre KOF (CHF)
The KOF Economic Barometer is a composite leading indicator for the Swiss economy, compiled by the KOF Swiss Economic Institute. It aggregates around 200 variables from multiple sectors to predict GDP growth around six months ahead.
Why FX traders watch it
Because Switzerland's export-oriented economy is tightly integrated with the Eurozone and global trade, the KOF Barometer gives an early warning of cyclical turning points that may prompt the SNB to reassess monetary policy and CHF guidance.
How to interpret the data
A KOF above 100 indicates above-average economic prospects; below 100 signals below-average. A trend reversal—particularly a sustained decline after a prolonged expansion—is the most significant FX-relevant signal.