Switzerland’s procure.ch–UBS Manufacturing PMI fell to 54.3 in June 2026 from a near four-year high of 57.3 in the previous month, coming in below market expectations of 56.5. While the reading remained comfortably above the 50-point threshold that separates expansion from contraction, it marked the lowest level since March. The slowdown was driven by softer growth across several key components, including order books (down 5.9 points to 53.5), purchasing volumes (down 0.8 points to 50.9), production (down 0.3 points to 57.0), and employment (down 1.0 point to 48.9). Meanwhile, supplier delivery times shortened, with the corresponding index falling 4.8 points to 60.9, while the sales stocks index increased 2.7 points to 48.1. On the price front, cost pressures eased significantly, as the purchasing prices index dropped 9.9 points to 72.8.

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