The procure.ch Services PMI in Switzerland dropped to an all-time low of 28.1 March 2020 from 51.9 in the previous month, with all the main sub indexes falling: business activity (22.4 vs 53.0); new orders (22.2 vs 48.9); employment (46.2 vs 53.6); and backlogs of work (25.6 vs 52.5). On the price front, input costs rose for the first time in six months (55.0 vs 46.6), while output prices continued to fall (44.3 vs 46.7).

Services Pmi in Switzerland averaged 57.42 points from 2016 until 2020, reaching an all time high of 68.40 points in August of 2017 and a record low of 28.10 points in March of 2020. This page provides - Switzerland Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Services PMI - values, historical data and charts - was last updated on April of 2020. source: procure.ch & Credit Suisse

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Switzerland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
28.10 51.90 68.40 28.10 2016 - 2020 points Monthly
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Switzerland Services PMI
The basis for the Swiss PMI Industry and Service indices is provided by over 300 purchasing managers who deliver their monthly data using a standardised online questionnaire. The data indicates how the current month’s performance has changed compared to the previous month. The questions are qualitative, i.e. the purchasing managers evaluate whether the level of activity is higher, the same or lower than the month before. The questionnaire covers the following topics: Business activity; New orders; Order volume (customer orders); Purchasing prices; Sales prices; and Number of employees. The service sector includes companies that generate more than half of their revenues from the provision of services. Service providers trade in goods or provide services directly to customers (consulting, management, development, etc.).