Industry in Switzerland
Switzerland - IndustryAlthough GDP data for Q3 is not yet available, the economy appeared to maintain healthy growth momentum in the quarter. The manufacturing and services PMIs averaged comfortably within positive territory amid robust expansions in output and new orders, while the KOF Economic Barometer was well above its long-term average, despite falling relative to Q2. Moreover, the unemployment rate averaged notably lower in Q3 than in Q2, which should have aided consumer spending. Turning to Q4, available signs suggest that the economy is losing steam, with the manufacturing PMI, services PMI and KOF Economic Barometer moving lower in October amid supply constraints and higher input prices. In addition, Covid-19 cases are surging, which could potentially lead to tighter restrictions ahead.
Switzerland - Industry Data
|Industrial Production (annual variation in %)||-2.0||0.1||5.2||5.4||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Industry Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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November 30, 2021
The KOF Economic Barometer came in at 108.5 in November, down from October's 110.2.
November 26, 2021
Economic growth ebbed slightly in the third quarter, with GDP increasing 1.7% on a seasonally-adjusted quarter-on-quarter basis (Q2: +1.8% s.a.
November 2, 2021
Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.02% rise.
November 2, 2021
Retail sales increased 2.5% year-on-year in calendar-adjusted terms in September (August: +0.8% c.a.
November 1, 2021
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) came in at 65.4 in October, down from September's 68.1.