Switzerland April manufacturing PMI 54.5 vs 52.0 expected

Prior 53.3 Swiss manufacturing activity shows a notable pick up in April but it could be a similar case to that in Spain here . That as clients pushed up activity in order to rush to secure stock, amid fears of supply shortages. That led to a notable increase in both output and new orders, which were also evident in the Swiss report. Besides that, purchasing prices continue to shoot higher with the index rising by another 11.5 points to 82.8. Delivery times also picked up further by 0.5 points to 64.1. So, there are distress signals flashing amid the fallout from the Middle East conflict. Procure notes that while sentiment has brightened compared to March, companies are reporting longer delivery times especially for industries involving plastics, semiconductors, microchips, and magnets. Here's full the breakdown of the sub-indices: This article was written by Justin Low at investinglive.com.