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
57.3
Forecast
53.8
Previous
54.5
Switzerland Manufacturing PMI for May came in at 57.3 versus 53.8 expected (previous 54.5), above forecast, which was positive for the CHF.
What it meant for the CHF
The actual landed above the 53.8 forecast (3.5 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.