Switzerland July manufacturing PMI 38.5 vs 44.0 expected

<ul><li>Prior 44.9</li></ul><p>That's an extremely poor reading as Swiss manufacturing activity slumped heavily to start Q3. The reading is the lowest since April 2009 as production fell sharply alongside purchasing volume. That comes despite a fall in purchase prices and shorter delivery times. That's not a good sign at all.</p>

This article was written by Justin Low at www.forexlive.com.