Swiss manufacturing PMI drops to 48.7 in July

Noticias del mercado

3 agosto 2015

Swiss manufacturing PMI drops to 48.7 in July

Credit Suisse released its manufacturing purchasing managers' index (PMI) for Switzerland on Monday. The manufacturing purchasing managers' index in Switzerland was down to 48.7 in July from 50.0 in June, missing expectations for an increase to 50.7.

The decline was driven by a drop in purchase prices and backlog of orders. Purchase prices decreased three points to 40.2 points in July, while the backlog of orders sub-index declined by 2.6 points to 48.5.

Production rose 0.7 points to 55.5 in July, while the employment sub-index remained unchanged 41.6.

European stock markets mid session: stocks traded mixed after the mostly better-than-expected manufacturing PMIs from the Eurozone

Markit/Chartered Institute of Procurement & Supply manufacturing PMI for the U.K. climbs to 51.9 in July

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