Investing.com - Manufacturing activity in Switzerland improved more-than-expected in December, hitting a nine-month high, industry data showed on Thursday.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers' index rose to a seasonally adjusted 49.5 in December from a reading of 48.5 in November.
Analysts had expected the index to hold steady at 48.5 in December.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF adding 0.2% to trade at 0.9197.
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