PMI data for Switzerland are weakening the third consecutive month in October, falling to 59.2, were higher than 66.9 in July. All this should be a leading indicator of KoF indicator on Friday, which weakens the fourth consecutive month. These data reinforce the opinion that the SNB, perhaps, hastened with an optimistic attitude toward the domestic economy in the mid-year. Since then, the pair USD / CHF fell below parity and the euro, the Swiss authorities saved from further intervention, the Swiss franc was cheaper by 7% against the euro since the beginning of September. Given Switzerland's trade relations with the euro area, it certainly is important for development, which somehow shifts the domestic economy from the weakness, increasing competitiveness in relation to the euro area.
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