Switzerland Manufacturing PMI

Last Release

May 31, 2025

Actual

42.1

Units In

Points

45.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
70 Jul 2021	33 Mar 2009	53.57 Points	1995-2025	SVME & Credit Suisse

In Switzerland, the procure.ch Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey to executives on their procurement expectations for the following month. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The Swiss procure.ch Manufacturing PMI dropped to 42.1 in May 2025 from 45.8 in April, marking the lowest reading since December 2023 and falling short of market expectations of 46.5. This was the 29th consecutive month the index remained below the 50-point threshold, signalling continued contraction in the sector. The decline reflects heightened uncertainty surrounding the far-reaching and fast-changing U.S. tariff policies. The contraction was driven by sharp declines in output (down 7.2 to 42.5 points), backlog of orders (down 8.7 to 35.9), and quantity of purchases (down 6.5 to 37.6), along with a slight drop in employment (down 0.4 to 43.6). Meanwhile, an extension was recorded in suppliers’ delivery times (up 4.6 to 51.9). Additionally, indices remained relatively stable for stocks of purchases (up 0.5 to 42.0), stocks of finished goods (up 1.0 to 43.2), and purchase prices (up 0.6 to 48.4).