FX.co ★ Swiss Manufacturing PMI Rises Sharply in June

In June 2025, the Swiss procure.ch Manufacturing PMI surged to 49.6, a noticeable increase from 42.1 in May. This marks a return to levels last observed earlier in the year, prior to the imposition of tariffs by Trump. This figure notably surpassed market predictions of 44, indicating that while the index has remained below the crucial 50-point expansion mark for the 30th consecutive month, the sector is inching closer to stabilization. The positive shift was spurred by a substantial rise in the backlog of orders, which climbed 14.5 points to 50.4. Additionally, there were notable increases in the metrics for output, which rose 7.3 points to 49.7; the quantity of purchases, up 6.6 points to 44.1; suppliers' delivery times, which improved by 4.6 points to 56.4; and employment, which edged up 4.1 points to 47.7. Conversely, declines were observed in purchase prices, which fell 1.3 points to 47.1; in stocks of purchases, down 1.9 points to 40.1; and in stocks of finished goods, which decreased 0.5 points to 42.7.