Swiss Manufacturing PMI Falls Short of Forecasts in February

Friday, 1 March 2024, 08:30

The latest PMI data for Switzerland reveals a reading of 44.0, missing the expected 44.4. This indicates only a slight improvement from the previous month, continuing a contraction trend that has persisted since January 2023. The sector has now been in contraction territory for 14 consecutive months, surpassing the duration during the Global Financial Crisis.

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Switzerland PMI Update

Switzerland's manufacturing PMI for February disappoints by coming in at 44.0, lower than the expected 44.4. This continued contraction paints a challenging picture for the sector, which has seen a decline since January 2023. The extended period in contraction territory raises concerns about the economy's resilience.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Switzerland PMI Update

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