Swiss manufacturing PMI climbs to 52.1 in December

Market news

4 January 2016

Swiss manufacturing PMI climbs to 52.1 in December

Credit Suisse and procure.ch released their manufacturing purchasing managers' index (PMI) for Switzerland on Monday. The manufacturing purchasing managers' index in Switzerland climbed to 52.1 in December from 49.7 in November.

A reading above 50 indicates contraction.

The increase was largely driven by a rise in production. The production increased to 57.6 in December from 49.5 In November.

Purchase prices decreased to 36.8 in December from 38.4 in November, while the backlog of orders sub-index fell to 51.4 from 51.5.

Employment rose to 44.7 in December from 43.9 in November.

European stock markets mid session: stocks traded lower on the weaker-than-expected Chinese manufacturing data

Number of mortgages approvals in the U.K. rises to 70,410 in November

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