The procure.ch and Credit Suisse Manufacturing PMI fell to 56.4 in August of 2022 from 58 in the prior month, compared to market expectations of 56.8. The figure pointed to the slowest, albeit strong, factory activity growth since November of 2020. Even though production fell slightly (-2.2 to 54), an increase in backlogs of work (+1.5 to 54.4) pointed to relative health for the Swiss manufacturing sector and marked a sharp outperformance compared to its Eurozone neighbors. Still, higher energy costs continued to drive up purchasing prices (+2.1 to 73.3), while employment growth stalled (at 58.3). source: procure.ch & Credit Suisse

Manufacturing PMI in Switzerland averaged 54.27 points from 1995 until 2022, reaching an all time high of 70 points in July of 2021 and a record low of 33 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 September of 2022.

Manufacturing PMI in Switzerland is expected to be 62.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Manufacturing PMI is projected to trend around 55.10 points in 2023 and 52.00 points in 2024, according to our econometric models.

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Switzerland Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 56.40 58.00 points Aug 2022
Services PMI 56.88 55.17 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
56.40 58.00 70.00 33.00 1995 - 2022 points Monthly
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News Stream
Swiss Factory Activity Growth Eases Further
The procure.ch and Credit Suisse Manufacturing PMI fell to 56.4 in August of 2022 from 58 in the prior month, compared to market expectations of 56.8. The figure pointed to the slowest, albeit strong, factory activity growth since November of 2020. Even though production fell slightly (-2.2 to 54), an increase in backlogs of work (+1.5 to 54.4) pointed to relative health for the Swiss manufacturing sector and marked a sharp outperformance compared to its Eurozone neighbors. Still, higher energy costs continued to drive up purchasing prices (+2.1 to 73.3), while employment growth stalled (at 58.3).
2022-09-01
Switzerland Manufacturing PMI Eases Again
The procure.ch and Credit Suisse Manufacturing PMI for Switzerland fell to 58 in July of 2022 from 59.1 in June, pointing to the slowest albeit strong factory growth since December of 2020. Orderbooks (-7.8 to 52.9) and employment (-3.6 to 58.4) slowed while production (+4.6 to 56.2) and stocks purchased (+9.3 to 70.6) increased further and purchasing prices eased (-12.8 to 71.3). Credit Suisse now expects manufacturing activity to slow in the months ahead, and has reduced its Swiss GDP forecast for 2023 to 1% from 1.6% previously. The bank continues to expect the economy to grow 2.5% this year.
2022-08-02
Swiss Manufacturing Growth Slows to 18-Month Low
The procure.ch and Credit Suisse Manufacturing PMI for Switzerland fell to 59.1 in June of 2022 from 60.0 in the previous month, still above market expectations of 57.9. The latest reading pointed to the softest expansion in factory activity since December 2020.
2022-07-01