The procure.ch Manufacturing PMI in Switzerland rose to an all-time high of 69.9 in May of 2021, from 69.5 in the previous month and just under market expectations of 70.0, amid a quickening rebound of factory activity from the COVID-19 downturn. Manufacturers reported the speed of the recovery was causing widespread signs of scarcity, which were reflected in the sub-indexes with the largest increases, namely purchasing prices (91.9 from 93.9 in April), sales stocks (46.4 from 42.1), and lengthier delivery times (89.0 from 85.8). Meanwhile, the recovery in the workforce is moving at a slower pace, with employment rising by 1.6 percentage points (56.2 from 54.6). Looking ahead, the broad-based recovery in Swiss manufacturing will likely remain in place for the foreseeable future in light of the positive order situation, while demand for goods is seen fading slightly as households regain access to other consumption options. source: procure.ch & Credit Suisse
Manufacturing PMI in Switzerland averaged 53.85 points from 1995 until 2021, reaching an all time high of 69.90 points in May of 2021 and a record low of 33 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 June of 2021.
Manufacturing PMI in Switzerland is expected to be 53.20 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 53.60 in 12 months time. In the long-term, the Switzerland Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.