Latest data released by Markit - 2 May 2019
- Prior 50.3
Oof, a significant miss there as Swiss manufacturing activity falls into contraction territory for the first time since December 2015. Markit notes that the drop here stems from weaker conditions in the euro area, which is having a significant spillover effect to the Swiss economy as well.
It's not something that will weigh on the swissie much as the economy relies more on the services sector but it is sort of a proxy of conditions in the region and doesn't bode well for the overall outlook in the coming months.
