PMI July 2021: In spite of the recovery boom, only hesitant increase in personnel

From procure.ch

The procure.ch Purchasing Managers' Index (PMI) for industry climbed 4.3 points in July. The current value of 71.1 points is the highest since the survey began in January 1995 (see Fig. 1). The previous record from May of this year has already been exceeded. This positive development is due to a marked increase in production. Thanks to an increase of 8.8 points, the corresponding subcomponent also reached a new record with 72.9 points. Specifically, 45% of the companies stated that they produce more than in the previous month, while production has decreased for only 14%. More than 280 purchasing managers provide ... (full story)