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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SVME - Purchasing Managers Index fell to 48.3 in March 2013
FMPMonthlyReleased April 2013
Switzerland SVME - Purchasing Managers Index fell to 48.3 in March 2013, released April 2013, down 2.5 from February's 50.8 reading. The reading matched the 50.2 consensus.
Latest Release
48.300000
Actual
50.200000
Consensus
50.800000
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 - Purchasing Managers Index (Switzerland) was reported at 48.30 in March 2013. This missed the market consensus of 50.20 by 1.90. The reading fell from the previous value of 50.80.
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 Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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SVME - Purchasing Managers Index - CH
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About SVME - Purchasing Managers Index — Switzerland
DEFINITION
SVME - Purchasing Managers Index is a widely recognized financial indicator that measures the economic health of the manufacturing sector. It provides valuable insights into the purchasing activities of managers, reflecting the overall demand for goods and services. This index is used by investors, businesses, and policymakers to make informed decisions and assess the current state of the economy. With its timely and accurate data, SVME - Purchasing Managers Index is a crucial tool for monitoring and predicting economic trends.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2013): actual 48.3, consensus 50.2.
WHAT'S NEXT
This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.