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. source: procure.ch & Credit Suisse
Manufacturing PMI in Switzerland averaged 54.26 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 August 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.