Switzerland CHF

Switzerland procure.ch Manufacturing PMI

Impact:
Medium

Latest Release:

Date:
Big Surprise:
-4.4
| CHF
Actual:
42.1
Forecast: 46.5
Previous/Revision:
45.8
Period: May

Next Release:

Date:
Forecast: 49.8
Period: Jun
What Does It Measure?
The Switzerland procure.ch Manufacturing PMI measures the economic health of the manufacturing sector in Switzerland, specifically focusing on aspects such as production levels, new orders, employment, supplier deliveries, and inventory levels. As a diffusion index, a PMI value above 50 indicates expansion in the manufacturing sector, while a value below 50 signals contraction, reflecting trends on a national scale.
Frequency
The Manufacturing PMI is released monthly, specifically on the first business day after the end of the month, providing a preliminary estimate of manufacturing activity that can be revised in future reports.
Why Do Traders Care?
Traders pay significant attention to the Manufacturing PMI as it serves as a key indicator of economic activity and sentiment, influencing decisions in financial markets, particularly for the Swiss Franc and equities. Higher-than-expected PMI results are typically bullish for currencies and equities, whereas weaker than expected readings can have bearish consequences.
What Is It Derived From?
This indicator is derived from a monthly survey of purchasing managers in the manufacturing sector, capturing insights on their sentiments regarding new orders, production levels, inventory, and employment. The PMI is calculated using a weighted average of various factors, with responses contributing to a diffusion index that reflects overall sector health.
Description
The Manufactruring PMI is released as a preliminary figure based on early responses from purchasing managers and is subject to change upon final reporting. This monthly indicator reflects the momentum of the manufacturing sector and is instrumental in assessing economic trends, influencing forecasts regarding growth and stability.
Additional Notes
The Manufacturing PMI is considered a leading economic indicator because it provides early insight into the manufacturing sector's activity, which is often reflective of broader economic conditions. It is particularly relevant during economic shifts and can serve as a comparative measure against manufacturing PMIs from other countries to assess global industry trends.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CHF, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
42.1
46.5
45.8
-4.4
45.8
48.6
48.9
-2.8
48.9
50.5
49.6
-1.6
49.6
48
47.5
1.6
47.5
49
48.4
-1.5
48.4
48.3
48.5
0.1
48.5
49.4
49.9
-0.9
49.9
49.8
49.9
0.1
49.9
48.2
49
1.7
49
43.5
43.5
5.5
43.5
43.8
43.9
-0.3
43.9
45.2
46.4
-1.3
46.4
45.4
41.4
1
41.4
45.5
45.2
-4.1
45.2
44.9
44
0.3
44
44.4
43.1
-0.4
43.1
44.5
43
-1.4
43
43
42.1
42.1
42
40.6
0.1
40.6
45
44.9
-4.4
44.9
40.5
39.9
4.4
39.9
40
38.5
-0.1
38.5
44
44.9
-5.5
44.9
42.3
43.2
2.6
43.2
44.5
45.3
-1.3
45.3
46.4
47
-1.1
47
48.9
48.9
-1.9
48.9
50.6
49.3
-1.7
49.3
54.8
54.1
-5.5
54.1
53.3
53.9
0.8
53.9
54
54.9
-0.1
54.9
56
57.1
-1.1
57.1
54.5
56.4
2.6
56.4
56.8
58
-0.4
58
57.4
59.1
0.6
59.1
57.9
60
1.2
60
61
62.5
-1
62.5
61.5
64
1
64
60.5
62.6
3.5
62.6
64
63.8
-1.4
62.7
61
62.5
1.7
62.5
64.4
65.4
-1.9
65.4
65.5
68.1
-0.1
68.1
65.5
67.7
2.6
67.7
67.3
71.1
0.4
71.1
65.1
66.7
6
66.7
69.7
69.9
-3
69.9
70
69.5
-0.1
69.5
66
66.3
3.5
66.3
64.5
61.3
1.8
61.3
60
59.4
1.3
59.4
57
58
2.4
58
54
55.2
4
55.2
51.3
52.3
3.9
52.3
51.6
53.1
0.7
53.1
54.4
51.8
-1.3
51.8
52
49.2
-0.2
49.2
51
41.9
-1.8
41.9
48.3
42.1
-6.4
42.1
42
40.7
0.1
40.7
34.6
43.7
6.1
43.7
40
49.5
3.7
49.5
48.1
47.8
1.4
47.8
50.3
48.8
-2.5
50.2
49.1
48.8
1.1