Swiss industry remains in good spirits in October
Published
Sentiment in the Swiss industrial sector improved further in October. The Purchasing Managers' Index (PMI) rose to 56.7 points. This is an important figure, because a value above 50 points indicates that industry is growing.
The index has thus been above the 50-point mark for the eighth consecutive month. This shows that the positive trend in industry has been stable for some time. For companies in Switzerland, this is an important sign, as industry is a central part of the Swiss economy.
The PMI is published every month and is based on surveys of purchasing managers in industrial companies. It provides information on how orders, production and employment are developing.
Anyone who wants to know how the Swiss economy will continue to develop should keep an eye on the upcoming PMI figures. The current data currently point to a stable and positive situation in industry.
Sources: Finanz und Wirtschaft
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