Investing.com - Manufacturing activity in Switzerland improved more-than-expected in October, hitting a four-month high, industry data showed on Monday.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index rose to a seasonally adjusted 48.5 in November from a reading of 46.1 in October.
Analysts had expected the index to rise to 47.0 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 higher against the U.S. dollar, with USD/CHF shedding 0.3% to trade at 0.9251.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index rose to a seasonally adjusted 48.5 in November from a reading of 46.1 in October.
Analysts had expected the index to rise to 47.0 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 higher against the U.S. dollar, with USD/CHF shedding 0.3% to trade at 0.9251.