{"id":23561,"date":"2011-09-01T11:11:29","date_gmt":"2011-09-01T15:11:29","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=15459"},"modified":"2011-09-01T11:11:29","modified_gmt":"2011-09-01T15:11:29","slug":"swiss-purchasing-managers-more-optimistic-retail-sales-data-disagrees","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/09\/01\/swiss-purchasing-managers-more-optimistic-retail-sales-data-disagrees\/","title":{"rendered":"Swiss Purchasing Managers More Optimistic; Retail Sales Data Disagrees"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The reading from this morning\u2019s SVME purchasing managers index (PMI) out of Switzerland underscored a moderate uptick in the level of economic optimism among purchasing managers. The forecast was for a dip from last month\u2019s 53.5 reading to 51.1. The actual results came in at 51.7, suggesting better conditions than were previously assumed.<\/p>\n<p><span id=\"more-15459\"><\/span>Data on retail sales from Switzerland, however, seemed to contradict the notion of healthy growth. Economists were expecting the retail sales report to dip from last month\u2019s reading of 7.9% growth, year-on-year, to 4.6% in the month of August. The actual results were far more dismal at 1.9%, suggesting an impending bearish turn for the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/08\/31\/eurchf-slides-on-ecb-rates-and-german-data\/\">Swiss franc (CHF)<\/a> from decreased demand.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The reading from this morning\u2019s SVME purchasing managers index (PMI) out of Switzerland underscored a moderate uptick in the level of economic optimism among purchasing managers. The forecast was for a dip from last month\u2019s 53.5 reading to 51.1. T&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23561","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23561"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}