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
39.9
Forecast
40.5
Previous
38.5
Source: procure.ch & UBS. Figures as released; revisions appear in the next print.
Switzerland Manufacturing PMI for August 2023 came in at 39.9 versus 40.5 expected (previous 38.5), below forecast, which was negative for the CHF.
What it meant for the Swiss Franc
The actual landed below the 40.5 forecast (0.6 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.