Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SVME PMI fell to 53.9 in January 2014
FMPMonthlyReleased January 2014
Switzerland SVME PMI fell to 53.9 in January 2014, down 2.6 from December's 56.5 reading. The reading missed the 57 consensus by 3.1.
Latest Release
53.9
Actual
57
Consensus
56.5
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SVME PMI (Switzerland) was reported at 53.90 in January 2014. This missed the market consensus of 57.00 by 3.10. The reading fell from the previous value of 56.50.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 18) and SNB Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
SHARE
SVME PMI - CH
Loading chart data...
About SVME PMI — Switzerland
DEFINITION
SVME PMI is a key economic indicator that measures the performance of the Swiss manufacturing sector. It is based on a monthly survey of purchasing managers, providing valuable insights into the current state of the industry. This indicator is widely used by investors, analysts, and policymakers to gauge the overall health of the Swiss economy and make informed decisions. A reading above 50 indicates expansion in the sector, while a reading below 50 suggests contraction. With its timely and reliable data, SVME PMI is a crucial tool for monitoring and forecasting economic trends in Switzerland.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual 53.9, consensus 57.
WHAT'S NEXT
This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.