Swiss housing on the lake with mountains in switzerland

Switzerland PMI October 2020

Switzerland: Manufacturing and services PMIs fall back in October as second coronavirus wave hits

The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch fell from 53.1 in September to 52.3 in October. However, the PMI was still above the 50-threshold signaling expansion in the manufacturing sector. The softer improvement was due to slower growth in output and new orders, and a sharper contraction in employment.

The services sector decelerated more sharply, with the PMI falling from 55.1 in September to 50.4 in October, amid much weaker growth in new orders and business activity.

Taken together, the PMI readings suggest the economy lost ground early in Q4, and the slowdown will be more pronounced in the remainder of the quarter, due to additional restrictions announced by the federal government and many cantons in late October/early November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest