July’s pick-up in the Swiss manufacturing PMI was an encouraging sign for the industrial sector, as is the Swiss National Bank’s continued intervention to prevent a renewed appreciation of the franc. But with exports and industrial output yet to respond fully to the drop in demand from the euro-zone, we expect the Swiss recession to get far worse before a very modest recovery begins.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services