Monthly Index Indicating Manufacturing Sentiment in Switzerland
Switzerland| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Manufacturing Purchasing Managers' Index (PMI) is a monthly indicator used to evaluate the economic activity of the manufacturing sector in Switzerland. This index is based on a survey conducted jointly by the Swiss Association of Purchasing and Materials Management (SVME) and Credit Suisse. Data is collected from purchasing managers in the manufacturing sector regarding new orders, inventory levels, employment conditions, delivery times, and price trends.
The PMI uses 50 as a baseline: a reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is a crucial indicator for quickly assessing the current state of the Swiss economy, particularly the manufacturing sector.
Policymakers use the PMI to evaluate economic outlooks and formulate appropriate monetary policies. For example, if the index indicates significant growth, the central bank may consider raising interest rates to control inflation risks. Conversely, if the index shows a decline, it may be necessary to enhance economic stimulus measures. Additionally, for businesses and investors, the PMI is a vital source of information for understanding the manufacturing sector's conditions and making informed decisions about the economic outlook and investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
