Switzerland's industrial sector grew for the second consecutive month in May, survey data showed on Monday.
The Credit Suisse/procure.ch Purchasing Managers' Index climbed to 52.2 points from 50.2 in April. A score above 50 suggests expansion in the sector. The latest PMI reading was the strongest since January.
The improvement in the PMI was largely driven by strong demand, part of which was met from inventories despite significant increase in purchases and production.
Further increase in output is likely in the coming months, Credit Suisse said. However, companies still appear to be somewhat skeptical, and are still being very careful with regard to their staffing policies, the firm added, citing the "employment" subindex that remains just under the growth threshold.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.