The Swiss Manufacturing PMI increased to 55.4 in February 2019 from 54.3 points in the previous month, easily beating market expectations of 53.6, with almost all sub-indices posting gains: production (up 0.8 points to 56.2); new orders (up 0.6 points to 54.9); employment (up 2.2 points to 58.4); purchasing volume (up 0.5 points to 50); purchasing prices (up 0.8 points to 56.1); delivery times (up 2 points to 54.3); sales stocks (up 4.5 points to 52.3). Meanwhile, the stocks purchased sub-index was unchanged at 51.2. Manufacturing PMI in Switzerland averaged 54.08 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 55.50 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 54.50 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.