Switzerland June manufacturing PMI 44.9 vs 42.3 expected

  • Latest data released by Procure - 3 July 2023
  • Prior 43.2

Swiss manufacturing conditions improved in June but it still marks a contraction towards the end of Q2. This is the sixth month running that the reading runs below the 50.0 threshold as production remains in decline while a reduction in the order backlog suggests that near-term growth is unlikely.

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