Swiss KOF Barometer Rises to 106.7, Signals Positive Economic Outlook

Switzerland's KOF Economic Barometer jumped to 106.7 in August from 104.2, beating consensus of 103.0 and extending monthly gains. The index remains well above its 100 medium-term average, with strength driven by manufacturing and foreign demand. This positive economic signal supports CHF strength and reduces near-term rate-cut pressures on the SNB.