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Switzerland PMI October 2018

Switzerland: Manufacturing PMI falls to an over one-year low in October

The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and fell to an over one-year low of 57.4 points in October from 59.7 points in September. Nonetheless, the indicator remains comfortably above the 50-point threshold that separates expansion from contraction in manufacturing output.

The deterioration in operating conditions in October was primarily due to a sharp downturn in output, which fell to a near one-and-a-half year low. Moreover, higher inventories of both finished goods and raw materials, and a slowdown in job creation also point to weaker demand dynamics. Meanwhile, new order growth was relatively stable in October.

Switzerland Fixed Investment Forecast

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