Swiss Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
43.2
Forecast
45.1
Previous
45.3
Switzerland Manufacturing PMI for May came in at 43.2 versus 45.1 expected (previous 45.3), below forecast, which was negative for the CHF.
What it meant for the CHF
The actual landed below the 45.1 forecast (1.9 below expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was negative for the CHF.
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