Switzerland Manufacturing PMI

What it measures

This monthly survey asks Swiss factory purchasing managers whether output, orders, and employment are rising or falling, with a reading above 50 meaning expansion and below 50 contraction. It is the main timely gauge of Swiss manufacturing, which is dominated by high value industries like pharmaceuticals and machinery. The survey is sometimes published under the name of the professional association that runs it.

A reading above 50 can offer the franc mild support and a slide into contraction can weigh on it, but the effect is limited given how rarely domestic data drives the franc. The franc strengthens on global fear and weakens on risk appetite, so risk sentiment usually overrides domestic surveys. A persistently strong franc squeezes exporters, which is why the Swiss National Bank has historically acted to cap its rise.

What a higher or lower Switzerland Manufacturing PMI means for the CHF

A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CHF.

Release history

Every release of Switzerland Manufacturing PMI: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.

Frequently asked questions

What is Switzerland Manufacturing PMI?

This monthly survey asks Swiss factory purchasing managers whether output, orders, and employment are rising or falling, with a reading above 50 meaning expansion and below 50 contraction. It is the main timely gauge of Swiss manufacturing, which is dominated by high value industries like pharmaceuticals and machinery. The survey is sometimes published under the name of the professional association that runs it.

What was the latest Switzerland Manufacturing PMI reading?

The most recent release (Jun 1, 2026, May) came in at 57.3, versus a forecast of 53.8 and a previous 54.5 — above expectations.

When is the next Switzerland Manufacturing PMI?

The next Switzerland Manufacturing PMI is scheduled for Jul 1, 2026. It is released monthly.

What happens to the CHF if Switzerland Manufacturing PMI is higher than expected?

An actual reading above the consensus forecast is typically bullish for the CHF, while a reading below forecast is bearish for the CHF. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CHF.

How does Switzerland Manufacturing PMI affect the CHF?

A reading above 50 can offer the franc mild support and a slide into contraction can weigh on it, but the effect is limited given how rarely domestic data drives the franc. The franc strengthens on global fear and weakens on risk appetite, so risk sentiment usually overrides domestic surveys. A persistently strong franc squeezes exporters, which is why the Swiss National Bank has historically acted to cap its rise.

Other releases