This marks the first drop below 100 since January, signaling a slowdown in the Swiss economic recovery. Indicators across production sectors, including manufacturing, financial and insurance services, hospitality, and construction, all showed declines. Meanwhile, demand-side indicators such as foreign and consumer demand remained stable but without signs of growth.
Manufacturing, construction sectors under pressure; inventory levels offer relief
The manufacturing and construction sectors face added pressure on export outlooks, production activity, competitive positioning, and order income, with only primary product purchases and inventory levels relieving the downward trend.
