FXstreet.com (Barcelona) - Swiss economic activity does not escape from the global economic downturns, according to the latest SVME Purchasing Managers' Index which has reached its record low in January.

Swiss PMI has dropped to 35.0 in January from 36.5 in December dropping, for the fifth consecutive months in levels lower than the 50 critical level, which marks the boundary between expansion and contraction of the country's economic activity.