69805
Swiss PMI Highest Since 2011
Swiss PMI Highest Since 2011

Swiss PMI Highest Since 2011

Swiss PMI Highest Since 2011

Saturday’s release of the Swiss manufacturing PMI for July at 60.9, the highest level recorded since February 2011, as well as last Friday’s strong reading of the broad-based KOF Barometer for the same month, both continue to signal increasing cyclical momentum for Switzerland during the current economic upturn driven by the eurozone, cpifinancial reported. Since the landslide victory at the French parliamentary elections for President Macron’s party in June, which has significantly reduced political uncertainty in the eurozone, a weakening Swiss franc to the euro has become a welcome additional tailwind for exporters to spur Switzerland’s ongoing upturn .With no signs of any significant inflation for the time being, the Swiss National Bank can thus stay on the sidelines and take a relaxed stance on currency stabilization, as the franc remains still highly valued against the euro. It appears that in particular Swiss investors, who refrained from engagement in the eurozone when political tension there was elevated, are now becoming more confident to return their surpluses to the eurozone as investment.

 

Short URL : https://goo.gl/NfFpNY
  1. https://goo.gl/k3VkEv
  • https://goo.gl/smEgCD
  • https://goo.gl/UXVrez
  • https://goo.gl/xcQLde
  • https://goo.gl/oSCpJC

You can also read ...

Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus