Switzerland SVME Manufacturing PMI

Info

History

Chart

Impact:

Medium

Latest Release:

Surprise:

CHF0.2

CHF

Actual:

48.8

Forecast: 48.6

Previous/Revision:

49.4

Period: Dec 2019

What Does It Measure?

The SVME Manufacturing PMI (Purchasing Managers' Index) measures the performance and health of the manufacturing sector in Switzerland. It primarily focuses on key areas such as production levels, new orders, employment, inventories, and supplier deliveries, serving as a leading indicator of economic activity in the manufacturing sector.

Frequency

The SVME Manufacturing PMI is released monthly, typically on the first business day of the month, and presents preliminary estimates based on survey results.

Why Do Traders Care?

Traders value the SVME Manufacturing PMI as a critical economic indicator that influences financial markets, especially for Swiss francs (CHF) and Swiss equities. An above-50 reading indicates expansion in the manufacturing sector, which is seen as bullish for the currency and stocks, while readings below 50 may lead to bearish sentiments.

What Is It Derived From?

The SVME Manufacturing PMI is derived from a survey of purchasing managers in the manufacturing sector, capturing their responses on variables such as new orders, production levels, and employment trends. The calculation involves the use of diffusion indices, where key measures from the survey results are weighted to derive an overall index value reflecting the health of the sector.

Description

The PMI values are interpreted on a scale where a reading above 50 indicates expansion and a reading below denotes contraction, making it a vital indicator for gauging economic health. The data is essential not only for understanding current manufacturing conditions but also for forecasting future economic activity.

Additional Notes

The SVME Manufacturing PMI is considered a leading economic indicator, as it often signals turning points in the economic cycle before they occur. Additionally, it is commonly compared with other manufacturing indicators, such as the Eurozone PMI, to provide insights about regional economic performance and trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CHF, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 02, 2019	48.8	48.6	49.4	0.2
Nov 01, 2019	49.4	45	44.6	4.4
Oct 01, 2019	44.6	46.5	47.2	-1.9
Sep 02, 2019	47.2	46.5	44.7	0.7
Aug 02, 2019	44.7	46.5	47.7	-1.8
Jul 01, 2019	47.7	48.9	48.6	-1.2
Jun 03, 2019	48.6	49.1	48.5	-0.5
May 02, 2019	48.5	50.5	50.3	-2
Apr 01, 2019	50.3	53.6	55.4	-3.3
Mar 01, 2019	55.4	53.6	54.3	1.8
Feb 01, 2019	54.3	55.8	57.5	-1.5
Jan 03, 2019	57.8	57.2	57.7	0.6
Dec 03, 2018	57.7	56.3	57.4	1.4
Nov 01, 2018	57.4	58.5	59.7	-1.1
Oct 01, 2018	59.7	62	64.8	-2.3
Sep 03, 2018	64.8	60.8	61.9	4
Aug 02, 2018	61.9	60.7	61.6	1.2
Jul 02, 2018	61.6	60.9	62.4	0.7
Jun 01, 2018	62.4	62.6	63.6	-0.2
May 02, 2018	63.6	60	60.3	3.6
Apr 03, 2018	60.3	64.3	65.5	-4
Mar 01, 2018	65.5	64	65.3	1.5
Feb 01, 2018	65.3	64.1	65.6	1.2
Jan 03, 2018	65.2	64.6	65.1	0.6
Dec 01, 2017	65.1	62.6	62	2.5
Nov 01, 2017	62	61.5	61.7	0.5
Oct 02, 2017	61.7	60.6	61.2	1.1
Sep 01, 2017	61.2	60.5	60.9	0.7
Aug 02, 2017	60.9	58.9	60.1	2
Jul 03, 2017	60.1	55.9	55.6	4.2
Jun 01, 2017	55.6	57.8	57.4	-2.2
May 02, 2017	57.4	58.3	58.6	-0.9
Apr 03, 2017	58.6	57.68	57.8	0.92
Mar 01, 2017	57.8	55.6	54.6	2.2
Feb 01, 2017	54.6	55.8	56.2	-1.2
Jan 03, 2017	56	56.1	56.6	-0.1
Dec 01, 2016	56.6	54.4	54.7	2.2
Nov 01, 2016	54.7	53.8	53.2	0.9
Oct 03, 2016	53.2	51.4	51	1.8
Sep 01, 2016	51	50.5	50.1	0.5
Aug 02, 2016	50.1	51.7	51.6	-1.6
Jul 01, 2016	51.6	55.4	55.8	-3.8
Jun 01, 2016	55.8	54	54.7	1.8
May 02, 2016	54.7	53.5	53.2	1.2
Apr 01, 2016	53.2	51	51.6	2.2
Mar 01, 2016	51.6	49.6	50	2
Feb 01, 2016	50	50.9	50.4	-0.9
Dec 01, 2015	49.7	51	50.7	-1.3
Nov 02, 2015	50.7	50.2	49.5	0.5
Oct 01, 2015	49.5	51.8	52.2	-2.3
Sep 01, 2015	52.2	49.7	48.7	2.5
Aug 03, 2015	48.7	50.7	50	-2
Jul 01, 2015	50	49.9	49.4	0.1
Jun 01, 2015	49.4	48.4	47.9	1
May 04, 2015	47.9	48.24	47.9	-0.34