The SVME Manufacturing PMI in Switzerland fell to 47.7 in June 2019 from 48.6 in the previous month and below market expectations of 48.9, as six of the main sub-indexes declined: production (down 0.6 points to 48.2); new orders (down 3.1 points to 43.5); purchasing volume (down 6.3 points to 42.4); purchasing prices (down 3.3 points to 45.6); delivery times (down 1.4 points to 47.2); and stocks purchased (down 2.1 points to 52.5). By contrast, the gauge measuring employment rose 2.8 points to 51.4 and the sales stocks sub-index increased 0.5 points to 51.1. Manufacturing PMI in Switzerland averaged 54.01 from 1995 until 2019, reaching an all time high of 66.90 in December of 2006 and a record low of 32.80 in March of 2009.
Manufacturing PMI in Switzerland is expected to be 49.90 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 53.00 in 12 months time. In the long-term, the Switzerland Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.