September 02, 2024 at 08:30AM
Prior 43.5
That’s a marked improvement as output returns to positive territory on the month. That said, it’s too early to call this a return to a sustainable recovery just yet. A stronger franc currency, something which the SNB is warning about, could come back to bite at the manufacturing sector still. Anyway, here’s the breakdown for August:
This article was written by Justin Low at www.forexlive.com.
Switzerland August manufacturing PMI 49.0 vs 43.5 expected