Investing.com - Manufacturing activity in Switzerland improved more-than-expected in September, but remained in contraction territory for the seventh consecutive month, 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 46.1 in September from a reading of 43.6 in August.
Analysts had expected the index to rise to 44.5 in September.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF adding 0.19% to trade at 0.9334.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index rose to a seasonally adjusted 46.1 in September from a reading of 43.6 in August.
Analysts had expected the index to rise to 44.5 in September.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF adding 0.19% to trade at 0.9334.