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Macroeconomics  |  June 01, 2012 10:33:00

Swiss manufacturing sector deepened in May fall

Swiss manufacturing sector deepened in May to drop to three-year minimum. According to the ISM survey and Credit Suisse weakened seasonally adjusted PMI of 1.5 to 45.4 points, followed by a decline of 4.2 points to 46.9 in April. The result lagged by 1 point for the majority expectations. The neutral level of 50 points separates expansion from decline. In the same period last year moved the pointer activity at 58.1 points. Production slowed for the second month, compared with April contraction eased. The decrease in completion of orders.In response to lower output requirements reduced the company purchases and input stocks fell to their lowest level since November 2009. Delivery times were stable. Employment has declined continuously since October last year. Stocks of finished products remained in the fourth month of decline. Input prices in May, reflecting significantly reduced commodity prices on world markets.

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