Switzerland May manufacturing PMI 60.0 vs 61.0 expected

  • Latest data released by Procure - 1 June 2022
  • Prior 62.5

Although missing on estimates, the Swiss manufacturing sector continues to display rather robust momentum overall. If anything, the "slowdown" is more of a normalisation in momentum than any worrying downturn - for now at least. Supply chain problems have also eased a little so that is boosting sentiment on the outlook slightly.

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