Forexpros — Manufacturing activity in Switzerland fell less-than-expected in August, industry data showed on Thursday.
In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers’ index declined to a seasonally adjusted 51.7 in August from 53.5 in July.
Analysts had expected the index to decline to 51.2 in August.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF edging 0.13% higher to trade at 0.8071.
Forexpros
