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.

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Switzerland Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.20 41.90 66.80 32.90 1995 - 2020 points Monthly
SA


News Stream
Swiss Factory Activity Unexpectedly Contracts
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.
2020-08-03
Swiss Factory Activity Contraction Deepens
The procure.ch Manufacturing PMI in Switzerland fell to 41.9 in June of 2020 from 42.1 in May, well below market forecasts of 48.3. The reading pointed to a deeper contraction in economic activity amid a faster decline in employment (-3.4 to 39) while production (+1.1 to 40.4), orderbook (+3 to 38), purchasing volume (+3.8 to 36.4) and purchasing prices (+0.8 to 47.6) fell less. Stocks purchased increased more. The survey also showed that 27% of those employed in manufacturing still on short-time; 60% of companies have pared back or halted capital spending plans; a quarter of businesses are making job cuts; and reluctance to invest receding somewhat as lockdown is eased.
2020-07-01
Swiss Factory Activity Falls at Softer Pace
The procure.ch Manufacturing PMI in Switzerland increased to 42.1 in May of 2020 from 40.7 in April which was the lowest reading since May of 2009, in a sign that the easing of the lockdown is directly boosting the economy. However, the reading still pointed to a sharp contraction in factory activity as production (30.9), orderbooks (35), employment (42.4) and stocks purchased (47.8) continued to shrink.
2020-06-02
Switzerland Manufacturing PMI Lowest since 2009
The procure.ch Manufacturing PMI in Switzerland dropped to 40.7 in April of 2020 from 43.7 in the previous month, above market expectations of 34.6. The reading pointed to the sharpest contraction since May of 2009. Production (-6.1 points to 28.4), new orders (-0.9 points to 31.8), employment (-2 points to 40.5), purchasing volumes (-3.1 points to 35.2), stocks purchased (-2.1 points to 50.7) and purchasing prices (-1.4 points to 45.8) declined.
2020-05-04

Switzerland Manufacturing PMI
In Switzerland, the procure.ch Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey to executives on their procurement expectations for the following month. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.