5964
Swiss Factory Growth Slows
World Economy

Swiss Factory Growth Slows

Switzerland’s manufacturing output growth slowed in November, data showed Monday, indicating demand for the Alpine country’s industrial goods is being eroded by sluggish growth in its primary export markets in Europe, Nasdaq reported. The Swiss Purchasing Managers’ Index fell to a seasonally-adjusted 52.1 points in November, from 55.3 in October, and below economists’ average forecast of 54.3. The decline in the November index is the third in the past four months, although it is still holding above the 50-point threshold that marks the difference between contraction and expansion. While the Swiss manufacturing industry “seems to have lost momentum slightly” it is still holding up and is creating new jobs again, wrote analysts at Credit Suisse Group AG.

Short URL : http://goo.gl/Mt8d0f

You can also read ...

 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...

Trending

Googleplus