Sunday, March 26, 2023

Sentiment in Swiss industry gloomy

by admin
0 comment

Things are looking better in the service sector

Prospects for Swiss industry are clearly clouding over

The mood in Swiss industry deteriorated significantly at the beginning of the year. The service sector has meanwhile climbed back above the growth threshold.

Published: 6 minutes ago

The mood in Swiss industry has deteriorated significantly. However, the service sector is looking to the future somewhat better. (icon picture)

In industry, the purchasing managers’ index (PMI) fell significantly by 5.2 points to 49.3 points in January 2023, as Credit Suisse announced on Wednesday. Economists polled by news agency AWP had forecast higher readings in the range of 52.0 and 54.3 points.

The leading indicator for industry is thus below the growth threshold (of 50 points) for the first time since July 2020, the authors of the study explained. The slowdown in industrial activity that has been visible since autumn 2021 has thus resulted in a “veritable” decline.

Related News

Latest Switzerland News and updates and political news, follow our daily update about the congress and the government roundup, we also provide the latest news from all over the world minute by minute, subscribe to get the latest updates directly to your inbox.

© 2022 All Right Reserved. Switzerland Times