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
54.5
Forecast
52.5
Previous
53.3
Switzerland Manufacturing PMI for Apr came in at 54.5 versus 52.5 expected (previous 53.3), above forecast, which was positive for the CHF.
What it meant for the CHF
The actual landed above the 52.5 forecast (2 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.
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