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Swiss purchasing managers became more cautious in June, but remain optimistic. The so-called Purchasing Manager Index (PMI) fell 0.8 index points from the previous month to 61.6 points.
This was the second year in a row. However, the PMI is still well above the 60-point mark, Credit Suisse, which determines the index in conjunction with procure.ch on Monday. However, the index is above expectations: economists surveyed by AWP predicted a value of between 58.0 and 61.5 points.
Overdevelopment of the staff
Production and backlog were higher in June than in May. The corresponding sub-components rose to 60.6 and 59.9 points in the month under review
The employment component, on the other hand, did not resist the record level of the previous month, but remains high at 61.2 points the growth area. This is a reflection of an above average staffing level, he says.
Delivery times continue to increase, albeit to a lesser extent than the previous month. In turn, inventories of finished goods were reduced in June.
Broad Upswing
In total, the various sub-components paint the picture of a generalized industrial boom, which is also manifested by an increase in purchase prices.
With the KOF Economic Barometer, the PMI is the most important indicator of the Swiss economy. This indicator increased 1.7 points to 101.7 points in June. Thus, the recent downward trend has been stopped, was learned Friday by the KOF. However, the tailwind for the Swiss economy is not as strong as that of winter 2006.
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