The Swiss Economic Institute KOF released its leading indicator for Switzerland on Wednesday. The KOF leading indicator fell to 102.5 in March from 102.6 in February, beating expectations for a decline to 101.9. February's figure was revised up from 102.4.

The decline was mainly driven by negative indicators for the manufacturing sector and the export.

"The new standing of the Economic Barometer signals an ongoing positive development of the Swiss economy in the coming months," the KOF said.