Switzerland Manufacturing PMI

Last Release

Oct 31, 2025

Actual

48.2

Units In

Points

46.3

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
70 Jul 2021	33 Mar 2009	53.5 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 and UBS PMI rose to 49.7 in November 2025 from 48.2 in October, above forecasts of 48.5. It marks the highest reading since December 2022, signalling that the industrial economy is approaching stabilization after nearly three years of continuous contraction. Increases were seen in orderbooks (+0.8 to 48.1), delivery times (+3.9 to 55.8), stocks purchases (+3.4 to 48.8), sales stocks (+0.8 to 46.8) and employment (+2.7 to 49.9). On the other hand, production contracted slightly more (-1.2 to 47.9) and purchasing prices accelerated (+2 to 55). Meanwhile, only around 24% of surveyed companies now expect an increase in protectionism over the next 12 months, compared to more than 40% in October, amid an agreement between Switzerland and the US on a trade deal.