Swiss SVME PMI Continues To Rise In September

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8:43 GMT

Oct 2009

Swiss SVME PMI Continues To Rise In September

(RTTNews) - The Swiss SVME purchasing managers’ index or PMI rose for the seventh month in September, suggesting growth in the private sector output, data released by Credit Suisse showed Thursday.

The PMI climbed to 54.3 in September from 50.2 in August. Economists had forecast a reading of 51. The PMI has remained above the 50-point growth threshold for two successive months. The index last exceeded this level in June 2008, before Switzerland slipped into recession.

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