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Swiss PMI March 2020: Service PMI in a dive
The procure.ch Purchasing Managers' Index (PMI) fell by 5.9 points in March 2020 (see Fig. 1). With a level of 43.7 meters, the PMI has been at a lower level than it has been since July 2009. For comparison: At the bottom of the financial crisis, the PMI for industry was 32.9 points (March 2009), the strongest index slump was in November 2008 when the PMI fell by 10.2 points.