Swiss manufacturing PMI climbs to 54.7 in April

Market news

2 May 2016

Swiss manufacturing PMI climbs to 54.7 in April

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 54.7 in April from 53.2 in March, hitting the 2-year high.

A reading above 50 indicates expansion.

The increase was mainly driven by rises in output and backlog of orders sub-indexes. The production increased to 59.4 in April from 58.0 in March, while the backlog of orders sub-index jumped to 57.6 from 54.9.

Purchase prices were up to 47.3 in April from 47.0 in March.

Employment rose to 49.1 in April from 46.1 in March.

European stock markets mid session: stocks traded higher on the manufacturing PMI data from the Eurozone

Swiss retail sales decline 1.3% year-on-year in March

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