PMI April 2022: Swiss economy defies rising prices

From procure.ch

The indicator for production is now moving significantly below the booming levels of the same period last year, but after still solid in the growth zone. Accordingly, it should sink of the sub-component represent a normalization of production rather than a worrying slowdown. Especially since the Order backlog remains high; the corresponding sub-component even rose again in April. An optimistic one Outlook is also reflected in employment; 27% of Survey participants build staff. The tense procurement situation opposes the companies continue to face challenges. At least there are signs that the delivery difficulties ... (full story)