Monitor SZ Manufacturing PMI for insights into economic trends, as figures above 50 signal expansion.
This indicator serves as a key gauge of economic health, as businesses swiftly respond to market shifts. Purchasing managers possess valuable and timely insights into their company's economic outlook. A reading above 50.0 signifies industry growth, while a reading below indicates contraction.
What it Measures
A diffusion index level derived from responses of purchasing managers.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive impact on the currency.
Source & Frequency
Procure (latest release) - https://www.procure.ch/en/ • Published monthly on the first business day following the conclusion of the month.
How Data is Derived
Survey of about 280 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)