Switzerland’s industrial momentum weakened in February 2026, as the procure.ch Manufacturing PMI fell to 47.4, down from 48.8 in January. The latest reading, released on 2 March 2026, marks a deeper move into contraction territory, signaling a broadening slowdown in the country’s manufacturing sector.
The decline from January’s 48.8 underscores persistent headwinds for Swiss producers, with the PMI remaining below the 50-point threshold that typically separates expansion from contraction. While detailed component data were not provided, the further drop in the headline index suggests that demand, production, or both may be under increasing pressure as the year progresses.
The February update will likely draw close attention from businesses and market participants, who are monitoring whether the downturn in manufacturing could weigh on Switzerland’s broader economic outlook in the coming months.