The Swiss Economic Institute KOF released its leading indicator for Switzerland on Friday. The KOF leading indicator fell to 102.7 in April from 102.8 in March. March's figure was revised up from 102.5.

Analysts had expected the index to remain unchanged at 102.8.

The decline was mainly driven by negative signals from the financial sector, the exporting industries and construction.

"The largely unchanged Barometer reading of just below 103 signals a continuation of the positive development of the Swiss economy in the coming months," the KOF said.