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
38.5
Forecast
44
Previous
44.9
Source: procure.ch & UBS. Figures as released; revisions appear in the next print.
Switzerland Manufacturing PMI for July 2023 came in at 38.5 versus 44 expected (previous 44.9), below forecast, which was negative for the CHF.
What it meant for the Swiss Franc
The actual landed below the 44 forecast (5.5 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.
New to this release? See what Switzerland Manufacturing PMI measures, the next release and its full history.