The procure.ch Manufacturing PMI in Switzerland increased to 49.2 in July of 2020 from 41.9 in June, missing market expectations of 51. Still, the reading pointed to the softest contraction in the factory activity since February, amid an increase in production (+13.4 points to 53.9), orderbook (+9.8 to 47.8), purchasing volume (+11.7 to 48.1) and employment (+7.6 to 46.6). On the other hand, both stocks purchased (-7.5 to 44.1) and sales stocks (-4.4 to 44.6) declined faster. The survey also showed that 17% of employees still working from home in July.
Manufacturing PMI in Switzerland averaged 53.67 points from 1995 until 2020, reaching an all time high of 66.80 points in December of 2006 and a record low of 32.90 points in March of 2009. This page provides the latest reported value for - Switzerland Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: procure.ch & Credit Suisse
Manufacturing PMI in Switzerland is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Switzerland to stand at 53.20 in 12 months time. In the long-term, the Switzerland Manufacturing PMI is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.