Monthly Indicator of 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 SVME Purchasing Managers' Index (PMI) is a monthly indicator used to evaluate economic activity in the Swiss manufacturing sector. This index is based on a survey conducted jointly by the Swiss Association of Purchasing and Materials Management (SVME) and Credit Suisse, gathering data from manufacturing purchasing managers on new orders, inventory levels, employment conditions, delivery times, and price trends.
The SVME PMI uses 50 as a benchmark; a reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 signifies contraction. This index is crucial for quickly understanding the current state of the Swiss economy, particularly regarding manufacturing trends.
Policymakers use the SVME PMI to assess economic outlooks and formulate appropriate monetary policies. For instance, if the index shows strong growth, the central bank might consider raising interest rates to mitigate inflation risks. Conversely, if the index declines, there might be a need to strengthen economic stimulus measures. For businesses and investors, the SVME PMI is an essential source of information to gauge the manufacturing sector's sentiment.
| 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 | ||
