The Swiss PMI fell to 50.3 in March of 2019 from 55.4 in February and well below market expectations of 53.6. The reading pointed to the slowest growth in factory activity since December of 2015, amid falls in production (-7.2 to 49), purchasing volume (-3.4 to 46.6), stocks purchased (-1.6 to 49.7) and sales stcks (-3.4 to 48.9). Also, slowdowns were seen in orders (-3.8 t 51), employment (-5.8 to 52.5) and purchasing prices (-4.6 to 51.5). Manufacturing PMI in Switzerland averaged 54.07 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 52.80 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.