The Swiss Economic Institute KOF released its leading indicator for Switzerland on Friday. The KOF leading indicator climbed to 100.3 in January from 96.8 in December, beating expectations for a fall to 96.0. December's figure was revised up from 96.6.

The increase was mainly driven by the manufacturing industry.

"The momentum of the Swiss economy in the near future can be expected to evolve close to its long-term average," the KOF said.