The procure.ch Manufacturing PMI in Switzerland declined to 52.3 in October 2020 from 53.1 in the previous month. Still, the reading pointed to the third consecutive expansion in the factory sector, as both output and new orders continued to rise albeit at a softer pace. Meantime, inventories dropped, with declines in stocks of both preliminary products and finished goods. Also, the job shedding rate accelerated again somewhat, with employment coming in at lowest level since June 2020. source: procure.ch & Credit Suisse

Manufacturing PMI in Switzerland averaged 53.66 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 November of 2020.

Manufacturing PMI in Switzerland is expected to be 47.00 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 53.00 in 12 months time. In the long-term, the Switzerland Manufacturing PMI is projected to trend around 53.60 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
52.30 53.10 66.80 32.90 1995 - 2020 points Monthly
SA


News Stream
Swiss Manufacturing Activity Growth Slows in October
The procure.ch Manufacturing PMI in Switzerland declined to 52.3 in October 2020 from 53.1 in the previous month. Still, the reading pointed to the third consecutive expansion in the factory sector, as both output and new orders continued to rise albeit at a softer pace. Meantime, inventories dropped, with declines in stocks of both preliminary products and finished goods. Also, the job shedding rate accelerated again somewhat, with employment coming in at lowest level since June 2020.
2020-11-02
Swiss Manufacturing Growth Strongest in 1-1/2 Year
The procure.ch Manufacturing PMI in Switzerland rose to 53.1 in September 2020 from 51.8 in the previous month, but below market expectations of 54.4. The latest reading pointed to the steepest month of expansion in the manufacturing sector since February 2019, boosted by stronger increases in output and new orders, while the pace of job shedding eased. Stocks of purchases and purchase prices have barely changed, while suppliers’ delivery times have become slightly longer.
2020-10-01
Switzerland Factory Activity Rises for 1st Time in Over a Year
The procure.ch Manufacturing PMI in Switzerland increased to 51.8 in August of 2020 from 49.2 in July, just slightly below market forecasts of 52. The reading pointed to the first expansion in factory activity since March of 2019, due to increases in production (+2.4 points to 56.3), orderbook (+5.9 to 53.7), stocks purchased (+5.1 to 49.2) and sales stocks (+3.3 to 47.9). In contrast, falls were seen in employment (-1.1 to 45.4), purchasing volumes (-0.4 to 47.7) and purchasing prices (-0.8 to 48.9).
2020-09-01
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

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.