Swiss manufacturing PMI rises to 49.4 in May

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1 June 2015

Swiss manufacturing PMI rises to 49.4 in May

Credit Suisse released its manufacturing purchasing managers' index (PMI) for Switzerland on Monday. The Swiss manufacturing PMI rose to 49.4 in May from 47.9 in April, exceeding expectations for an increase to 48.4.

The increase was driven by a rise in backlog of orders.

"Industrial momentum appears to have only marginally slowed," the report said.

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