- Manufacturing PMI 54.3 vs 56.5 expected
- Prior 57.3
Swiss manufacturing activity growth eases in June as both production and new orders also drop on the month. Of note, the latter dropped noticeably to 53.5 – down from 59.4 in May.
The only bit of good news is that both purchase prices and suppliers’ delivery times show a slower pace in May, but still at extremely elevated levels. Besides that, employment conditions also worsened so that’s another negative point from the report.
The detailed breakdown per sub-index category:
This article was written by Justin Low at investinglive.com.
