The Swiss Economic Institute KOF released its leading indicator for Switzerland on Monday. The KOF leading indicator rose to 100.7 in August from 100.4 in July, beating expectations for a decline to 99.5. July's figure was revised up from 99.8.

According to the institute, the outlook for the Swiss economy remained unchanged since July.

"Overall slightly positive tendencies in the manufacturing and banking sectors are balanced by slightly negative developments in primarily the construction sector. With the indicators capturing tendencies in the international environment as well as domestic consumption more or less stabilising at their previous readings, the overall result is a slight rise in the Barometer," the KOF said.