Switzerland December manufacturing PMI 48.4 vs 48.3 expected

• Prior 48.5

That marks more than two years now that Swiss manufacturing activity is stuck in contraction mode. Things did improve somewhat during Q3 but not quite enough. The only bright side is that Switzerland relies more on its services sector, so there’s that. Looking at the details here, employment conditions remain a problem as production also fell back into contraction in December:

This article was written by Justin Low at www.forexlive.com.