Swiss Manufacturing PMI Actual 57.1 (Forecast 54.6, Previous 56.4)

The Swiss purchasing managers' index rose to a seasonally adjusted 57.1 points in September from 56.4 points in the previous month, data showed on Monday.

KEY POINTS FROM THE STATEMENT:

* The Purchasing Managers’ Index (PMI) has arrested its downtrend for the time being

* Almost one-third of the manufacturing companies surveyed are concerned that there may be production outages over the coming six months due to heightened energy prices

* 36% of those who believe they will be affected actually expect outages to be so severe that there is a risk of short-time working

* Output has increased, order books remain full, and businesses are continuing to add to their workforce

CHF CHF The Swiss franc or Confoederatio Helvetica (CHF) is the official currency of Switzerland and Liechtenstein. The CHF is currently the seventh most-traded currency in the world and is treated as a significant reserve currency.Unlike other currencies in the world’s leading economies, the CHF was notable for its currency peg with the euro (EUR). Started in 2011, the Swiss National Bank (SNB) pegged the CHF to the EUR at a minimum exchange of 1.2.At the time, the peg was justified due to the strong C The Swiss franc or Confoederatio Helvetica (CHF) is the official currency of Switzerland and Liechtenstein. The CHF is currently the seventh most-traded currency in the world and is treated as a significant reserve currency.Unlike other currencies in the world’s leading economies, the CHF was notable for its currency peg with the euro (EUR). Started in 2011, the Swiss National Bank (SNB) pegged the CHF to the EUR at a minimum exchange of 1.2.At the time, the peg was justified due to the strong C Read this Term EUR