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Swiss SVME PMI rises to 49.5 in December

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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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