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
49.6
Forecast
48
Previous
47.5
Switzerland Manufacturing PMI for Feb came in at 49.6 versus 48 expected (previous 47.5), above forecast, which was positive for the CHF.
What it meant for the CHF
The actual landed above the 48 forecast (1.6 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.