Swiss Factory Growth Eases in September

Switzerland’s procure.ch–UBS Manufacturing PMI fell to 55.3 in September 2026, slightly below market expectations of 56 and down from a three-month high of 57.1 in the previous month. Despite the decline, the reading marked the seventh consecutive month of expansion, although growth slowed across several key components. Activity weakened across production (down 3.9 points to 55.9), order books (down 0.4 points to 57), purchasing volume (down 3 points to 58), and employment (down 2 points to 48.4). Sales stocks also declined (down 3.1 points to 46.2), while delivery times dropped (down 3.1 points to 63.9). Meanwhile, stocks of purchased goods increased (up 1.5 points to 49.7). On the price front, input cost pressures increased, with purchasing prices rising 0.7 points to 70.

Switzerland’s procure.ch–UBS Manufacturing PMI climbed to 57.1 in August 2026, picking up from a five-month low of 53.2 in the previous month. It marked the highest reading since May, as the renewed acceleration in the sector was driven by stronger performances across several key components, particularly production (up 5.6 points to 59.8), order books (up 4.2 points to 57.5), purchasing volumes (up 12.9 points to 61.0), and employment (up 2.7 points to 50.4). Inventory indicators also improved, with stocks of purchased goods rising 0.7 points to 48.2 and sales stocks increasing 2.4 points to 49.2, though both remained slightly below the neutral 50 mark. Meanwhile, supplier delivery times lengthened, with the corresponding index climbing 4.0 points to 66.9. On the price front, input cost pressures eased, as the purchasing prices index fell 4.9 points to 69.3.

Switzerland’s procure.ch–UBS Manufacturing PMI fell to 53.2 in July 2026 from 54.3 in the previous month, falling short of market expectations of 55. The reading marked the weakest level since February, as growth momentum softened across key components, with production expansion slowing to 54.2 from 57.0 in June and order books edging down to 53.2 from 53.5. Purchasing activity also weakened, with purchasing volumes falling into contraction territory at 48.1 from 50.9 and purchasing inventories declining to 47.5 from 50.4. Moreover, sales stocks (46.8 vs 48.1) and employment (47.7 vs 48.9) continued to deteriorate. Supplier delivery times lengthened further (62.9 vs 60.9), indicating rising delivery delays. On the price front, cost pressures intensified, with the index jumping to 74.2 in July, from 72.8 in the previous month.