Industry in Switzerland

Switzerland Industry | Economic News & Forecasts

Switzerland - Industry

After slowing in Q4 on softer private consumption and export growth, the economic expansion likely continued at a moderate pace in Q1. While the lifting of virtually all Covid-19 restrictions from mid-February should have aided domestic demand, the Ukraine war raised price pressures, snarled up supply chains, and likely hurt sentiment towards the end of the quarter. Looking at available indicators, the manufacturing PMI averaged slightly lower in Q1 than in Q4 and the KOF Barometer declined through March. In contrast, the services PMI averaged higher in Q1 as the impact of the pandemic faded. Turning to Q2, the KOF Barometer rose in April, indicating a promising start to the quarter. In politics, in late April, Switzerland’s chief negotiator met with the European Commission in a bid to rekindle bilateral talks. However, no breakthrough was made, and relations with the EU remain at an impasse.

Switzerland - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-2.0  0.1  5.2  5.4  4.4  

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Switzerland Industry Chart

Switzerland Industry
Note: Annual variation of industrial output in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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