Swiss Factory Growth Beats Forecasts

Switzerland’s procure.ch–UBS Manufacturing PMI rose to 56.7 in October 2026 from 55.3 in September, exceeding market expectations of 55.3. This marked the eighth consecutive month of expansion, supported by improvements in production (58.5 vs 55.9 in September) and order books (57.4 vs 57.0). Meanwhile, the supplier delivery times component increased to 67.4 from 63.9, indicating further lengthening of lead times and potential supply bottlenecks. Inventory levels changed little in October, with both inventory components hovering around the 50-point mark. The purchase prices component climbed to 77.1 from 70.0, suggesting another significant increase in input costs. Meanwhile, the volume of purchases eased to 54.4 from 58.0, although it remained above the 50-point threshold. The employment component edged down to 48.2 from 48.4.

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.