Switzerland’s factory activity eased in September, as the procure.ch Manufacturing Purchasing Managers’ Index (PMI) declined to 55.3 from 57.1 in August 2026. The latest reading, released on 1 October 2026, indicates that while the sector is still expanding, the pace of growth has moderated.
A PMI level above 50 points to expansion in manufacturing, so September’s figure continues to reflect a generally positive environment for Swiss producers. However, the step down from August’s stronger level suggests that momentum may be cooling, potentially reflecting a more cautious tone among manufacturers regarding incoming orders, production plans, or costs.
Investors and businesses will be watching upcoming PMI releases closely to assess whether September’s slowdown is a temporary pause or the start of a more sustained loss of speed in Switzerland’s industrial cycle.
