Credit Suisse released its manufacturing purchasing managers' index (PMI) for Switzerland on Wednesday. The manufacturing purchasing managers' index in Switzerland rose to 50.0 in June from 49.4 in May, missing expectations for an increase to 50.1.
The increase was driven by a rise in production. Production rose 3.1 points to 54.8 in June.
The backlog of orders sub-index declined by 0.3 points to 51.1 in June, while the employment sub-index increased to 41.6in June from 40.7 in May.