Investing.com – Manufacturing activity in Switzerland rose more-than-expected in November, industry data showed on Wednesday.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index rose to a seasonally adjusted 61.8 in November, up from 59.2 in October.
Analysts had expected the index to rise to 59.5 in November.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.09% to hit 1.0045.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index rose to a seasonally adjusted 61.8 in November, up from 59.2 in October.
Analysts had expected the index to rise to 59.5 in November.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.09% to hit 1.0045.