Industry in Switzerland
Switzerland - IndustryThe economy appears set for a softer pace of growth in the second half of 2018. Retail sales contracted in Q3 compared to the previous quarter, contrasting growth in the second quarter. This suggests that, despite a lower unemployment rate, private consumption in the third quarter could prove underwhelming when GDP data is released by the government at the end of November. In addition, although business activity in the manufacturing sector increased in Q3 based on PMI data, it decelerated from Q2. Moreover, the closely-watched KOF economic barometer, which has generally been on a downward trend since the start of the year, fell to an over two-and-a-half year low in August. Data for the fourth quarter paints a mixed picture: While the manufacturing PMI decreased to an over one-year low in October, Switzerland’s unemployment rate remained extremely low and unchanged from September’s 2.4%.
Switzerland - Industry Data
|Industrial Production (annual variation in %)||0.8||1.4||-2.5||0.0||5.0|
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||-0.14||6.27 %||Dec 11|
|Exchange Rate||0.99||-0.54 %||Dec 11|
|Stock Market||8,715||-0.82 %||Dec 11|
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December 4, 2018
Consumer prices fell 0.3% over the prior month in November, swinging from the 0.2% increase recorded in October.
December 3, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rose 1.9% in October, rebounding from the 1.6% fall registered in September.
November 30, 2018
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—fell to 99.1 points in November from a revised 100.2 points in October (previously reported: 100.1 points), primarily due to poorer export prospects.
November 29, 2018
Economic momentum was unexpectedly derailed in the third quarter by sluggish domestic demand and faltering exports.
November 2, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales fell 1.6% in September, down from the flat print in August.