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