Switzerland January manufacturing PMI 48.8 vs 47.0 expected

  • Latest data released by Procure - 2 February 2026
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  • Prior 45.8

Swiss manufacturing activity continues to bounce back modestly but still continues to be in contraction territory for now. That being said, the output component is at least seen improving to 50.8 in January. And that marks the first return to the growth threshold for production since August last year.

Procure does not that however, more firms are now "expecting to see a rise in protectionist measures over the next 12 months" as compared to the December survey. So, that is a bit of a warning on the outlook.

The breakdown of overall activity in the manufacturing sector can be seen below:

CHF PMI MANU 02-02
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