Swiss housing on the lake with mountains in switzerland

Switzerland PMI July 2022

Switzerland: Manufacturing and Services PMIs fall in July

The Credit Suisse/ Manufacturing Purchasing Managers’ Index (PMI) came in at 58.0 in July, down from June’s 59.1. July’s result marked the worst reading since November 2020. As such, the index remained entrenched above the 50.0 no-change threshold, signaling a softer, albeit still strong, improvement in manufacturing business conditions from the previous month. The slowdown was due to softer growth in new orders, purchasing activity and employment.

Meanwhile, the Services PMI clocked in at 55.2 in July, down from June’s 59.0, on weaker expansions in business activity, new orders and employment. Positively, price pressures eased notably across the private sector, likely on the back of tighter monetary policy, a strong franc and the recent pullback in global commodity prices. Moreover, Swiss PMI readings compare favorably to those of European peers: the Eurozone flash composite PMI (covering both manufacturing and services) was below 50 in August for instance.

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