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
49.0
Forecast
44
Previous
43.5
Source: procure.ch & UBS. Figures as released; revisions appear in the next print.
Switzerland Manufacturing PMI for August 2024 came in at 49.0 versus 44 expected (previous 43.5), above forecast, which was positive for the CHF.
What it meant for the Swiss Franc
The actual landed above the 44 forecast (5 above expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was positive for the CHF.
New to this release? See what Switzerland Manufacturing PMI measures, the next release and its full history.