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
40.6
Forecast
45.6
Previous
44.9
Source: procure.ch & UBS. Figures as released; revisions appear in the next print.
Switzerland Manufacturing PMI for October 2023 came in at 40.6 versus 45.6 expected (previous 44.9), below forecast, which was negative for the CHF.
What it meant for the Swiss Franc
The actual landed below the 45.6 forecast (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.