The procure.ch Services PMI in Switzerland dropped to 50.6 in December 2019 from 51.7 in the previous month, pointing to the weakest pace of expansion in the sector since a contraction in July. Four of the main sub indexes fell: business activity (55.2 vs 55.9 in November); new orders (50.0 vs 52.2); backlog of orders (46.9 vs 49.8); and sale prices (46.7 vs 49.8). The gauge for purchase price was unchanged at 48.1 while the employment sub-index returned to expansion territory (51.1 vs 48.8).
Services Pmi in Switzerland averaged 58.32 points from 2016 until 2019, reaching an all time high of 68.40 points in August of 2017 and a record low of 48.20 points in July of 2019. This page provides - Switzerland Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: procure.ch & Credit Suisse
Switzerland Services PMI
The basis for the Swiss PMI Industry and Service indices is provided by over 300 purchasing managers who deliver their monthly data using a standardised online questionnaire. The data indicates how the current month’s performance has changed compared to the previous month. The questions are qualitative, i.e. the purchasing managers evaluate whether the level of activity is higher, the same or lower than the month before. The questionnaire covers the following topics: Business activity; New orders; Order volume (customer orders); Purchasing prices; Sales prices; and Number of employees. The service sector includes companies that generate more than half of their revenues from the provision of services. Service providers trade in goods or provide services directly to customers (consulting, management, development, etc.).