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seasonally adjusted purchasing managers' index for the manufacturing sector
Economists were looking for a reading of 52.4 for July. The latest score was the highest since May 2011, data showed.
Driving the pick up in activity, new orders placed with Swiss manufacturers increased further in July, and at the fastest pace in around two years. In line with the upturn in new business, production growth also accelerated to levels last seen around two years ago.
At the same time, supplier delivery times increased and stocks of finished goods decreased, reflecting higher production capacity utilization. Responding to the increase in activity, Swiss goods producers halted their cutbacks in workforces, the survey showed.
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