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.