Manufacturing activity in Switzerland grew at the fastest rate in four months in November, industry data showed on Monday.
In a report, the Swiss SVME purchasing managers'' association and Credit Suisse said that its purchasing managers’ index inched up to a seasonally adjusted 56.5 in November from a reading of 54.2 in October.
Analysts had expected the index to increase to 55.0 last month.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF adding 0.1% to trade at 0.9054.
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