The Swiss procure.ch and Credit Suisse Manufacturing PMI dropped to 38.5 in July 2023 from 44.9 in June, remaining contractionary for the seventh month and marking the lowest reading since April 2009, as the gauges for production (-12.2 to 37), orderbook (-9.8 to 31.4), purchasing volumes (-14.6 to 25.7), and employment (-1.5 to 48.8) declined. Despite the falling prices (-4.6 to 38.4) and improved delivery conditions (-1.4 to 33.9), firms were buying less than since the survey began in 1995. The swift recovery over the coming months remained unlikely, as a possible shift to lower inventories could sharpen the decrease. Manufacturing PMI in Switzerland averaged 54.10 points from 1995 until 2023, reaching an all time high of 70.00 points in July of 2021 and a record low of 33.00 points in March of 2009. This page provides the latest reported value for - Switzerland Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.