PMI July 2022: Increase in purchase prices has slowed down

From procure.ch

The procure.ch Purchasing Managers' Index (PMI) for Switzerland shows stable industrial activity and, in contrast to the euro zone, is clearly away from a contraction, but the momentum is still declining. The service sector is also losing momentum after recovering from the pandemic. The labor market situation remains solid in both industry and the service sector. For the first time since the beginning of the supply chain problem, there has also been a clear relaxation in purchase prices. The procure.ch Purchasing Managers' Index (PMI) fell in July 2022 compared to the previous month 1.1 points (see Fig. 1). With With ... (full story)