Switzerland’s factory activity expanded at a slower pace in June, survey data from Credit Suisse and the logistics association procure.ch showed Monday.
The manufacturing Purchasing Managers’ Index dropped to 61.6 in June from 62.4 in May. Nonetheless, the score was slightly above the forecast of 61.0.
The services PMI declined notably to 57.6 from 64.5 a month ago. However, a score above 50 indicates expansion.