Switzerland March manufacturing PMI 48.9 vs 50.5 expected

• Prior 49.6

That’s a disappointing reading as Swiss manufacturing activity falls yet again in March, marking a 27th straight month of contraction. Procure notes that “more than half of the industrial companies surveyed expect an increase in protectionist measures over the next 12 months”. Here’s the breakdown in activity for last month:

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