SZ Manufacturing PMI

The procure.ch Purchasing Managers’ Index (PMI) is in September for the second month in a row increased. Nevertheless, the industrial PMI is holding steady still below the growth threshold. The Decline in production dynamics has become noticeable slows down and the order backlog does not increase more as widespread as in the previous month. In addition the labor market situation remains robust. The However, there has been some reduction in preliminary product inventories accelerated. • The services PMI is above in September even ...

It remains all about the Fed as it continues down an aggressive tightening path. Wall Street will now fixated on how quick this economy is going to weaken. A weakening consumer will help drive down inflation but so far this economy has shown a lot of resilience in the service sector. Investors will have a handful of key economic releases to follow this week. On Monday, the ISM manufacturing report is expected to soften but still remain in expansion territory while prices paid, new orders, and employment could show modest weakness. ...

The procure.ch Purchasing Managers' Index (PMI) for Switzerland shows stable industrial activity and, in contrast to the euro zone, is clearly away from a contraction, but the momentum is still declining. The service sector is also losing momentum after recovering from the pandemic. The labor market situation remains solid in both industry and the service sector. For the first time since the beginning of the supply chain problem, there has also been a clear relaxation in purchase prices. The procure.ch Purchasing Managers' Index ...

The indicator for production is now moving significantly below the booming levels of the same period last year, but after still solid in the growth zone. Accordingly, it should sink of the sub-component represent a normalization of production rather than a worrying slowdown. Especially since the Order backlog remains high; the corresponding sub-component even rose again in April. An optimistic one Outlook is also reflected in employment; 27% of Survey participants build staff. The tense procurement situation opposes the companies ...

As the first day of the month, tomorrow sees the release of PMI data from across the world. Heading into the weekend with China closed for a holiday, we could have some extra volatility in pretty much every currency pair. After the beat in PMI data from China yesterday, there has been some renewed optimism. In fact, the global business outlook might come in better than the initial predictions. The general theme among the forecasts for October PMIs is a slight decline in optimism. Nonetheless, this is the norm for businesses as they ...

Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures’ release, we can expect some extra volatility in the pound and euro pairs. Lately, both currencies have been relatively stronger in comparison to the softer dollar. We might get some data though that could change that situation. One of the most important figures come from the Purchasing Managers Index surveys. Businesses manage their inventories with a few months of anticipation, so the data would ...

The procure.ch Purchasing Managers' Index (PMI) for industry climbed 4.3 points in July. The current value of 71.1 points is the highest since the survey began in January 1995 (see Fig. 1). The previous record from May of this year has already been exceeded. This positive development is due to a marked increase in production. Thanks to an increase of 8.8 points, the corresponding subcomponent also reached a new record with 72.9 points. Specifically, 45% of the companies stated that they produce more than in the previous month, while ...

The procure.ch Purchasing Managers' Index (PMI) for industry fell slightly in June and thus cannot quite maintain the historic high of May (see Fig. 1). With a value of 66.7 points, the PMI is still so far above the growth threshold of 50 points that the recovery in industry can be described as a boom. There is still a shortage and prices are rising widely. The increase in staff is still slow, but short-time work has lost much of its importance. In June, the services PMI climbed to its third highest level since the survey began in ...