The Swiss Manufacturing PMI rose to 47.2 in August 2019 from 44.7 points in the previous month and above market expectations of 46.5. Still, the latest reading pointed to the fifth month of contraction in the manufacturing sector, amid the general backdrop of a strong CHF versus EUR, heightened uncertainty and weak growth in the countries that purchase Swiss manufacturing products. Five of the eight sub-indexes increased: production (2.8 points to 46.7); new orders (8.2 points to 47.4); purchasing volume (0.6 points to 40.5); purchasing prices (1.3 points to 48.8); and stocks purchased (4.0 points to 47.9). In contrast, declines were seen in delivery times (-0.7 points to 46.2), sales stocks (-7.4 points to 47.6), and employment (-4.9 points to 47.8). Manufacturing PMI in Switzerland averaged 53.95 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 49.50 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 52.90 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.

Switzerland Manufacturing PMI
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Switzerland Business Last Previous Highest Lowest Unit
Business Confidence 97.00 97.00 119.30 71.80 Index Points [+]
Manufacturing PMI 47.20 44.70 66.90 32.80 [+]
Industrial Production 4.80 4.50 12.30 -10.60 percent [+]
Manufacturing Production 5.60 5.30 12.80 -11.60 percent [+]
Capacity Utilization 79.89 81.82 90.00 75.04 percent [+]
Changes in Inventories -2965.50 -3472.90 4291.80 -4354.40 CHF Million [+]
Bankruptcies 13971.00 13257.00 13971.00 3040.00 Companies and Individuals [+]
Car Registrations 19.40 25.04 46.78 1.41 Thousand [+]
Internet Speed 21683.45 21238.67 21683.45 4380.25 KBps [+]
IP Addresses 3855605.00 3760263.00 3855605.00 1700696.00 IP [+]
Zew Economic Sentiment Index -37.50 -24.00 65.00 -91.10 [+]
Industrial Production Mom 1.10 1.10 5.70 -4.90 percent [+]
Mining Production -1.00 1.00 19.40 -24.50 percent [+]
Competitiveness Index 82.59 82.37 82.59 5.54 Points [+]
Competitiveness Rank 4.00 4.00 4.00 1.00 [+]
Ease of Doing Business 38.00 33.00 38.00 19.00 [+]
Corruption Index 85.00 85.00 91.00 84.00 Points [+]
Corruption Rank 3.00 3.00 12.00 3.00 [+]


Switzerland Manufacturing PMI

In Switzerland, the SVME 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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.20 44.70 66.90 32.80 1995 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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