Swiss Industry Recovers From Covid-19 Slump and Redirects Orders

(Bloomberg) --

Activity among Switzerland’s manufacturers has effectively bounced back to its pre-crisis level, with businesses saying they’re re-directing supply chains in response to the pandemic.

The procure.ch Purchasing Managers’ Index increased to 49.2 points in July, just shy of the 50-point growth threshold, according to a statement on Monday.

The survey found that more than a third of the businesses reacted to Covid-19 disruptions by purchasing more in Switzerland and in the neighboring European Union.

“In general, companies have also been aiming to diversify their supplier base more broadly,” it said. “Every second company plans to restructure its supply chain in future to focus predominantly on suppliers from the EU.”

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