Manufacturing PMI 54.3 vs 56.5 expectedPrior 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.