Industry in Switzerland

Switzerland Industry | Economic News & Forecasts

Switzerland - Industry

Following a dismal quarter-on-quarter performance in the third quarter, the economy should have recovered, albeit modestly, at the end of 2018. Exports likely rebounded after dragging on growth in Q3, with weakness in the region appearing to have dissipated slightly. Moreover, unemployment remains very low by historical standards and should have supported household spending. Nevertheless, softer dynamics likely persisted. The manufacturing PMI remained weaker than results posted earlier in 2018 in December, while December’s KOF economic barometer signaled expectations of below-average growth in the short-term. Turning to political developments, the EU-proposed institutional framework agreement designed to closer align Swiss law with EU regulations is currently undergoing a Swiss public consultation. Several politicians, including President Maurer, have commented that the accord is unlikely to win a majority or pass a vote; however, the EU is not expected to make any further concessions on the deal or reopen negotiations.

Switzerland - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.8  1.4  -2.5  0.0  5.0  

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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

Bond Yield-0.356.27 %Feb 20
Exchange Rate1.00-0.54 %Feb 20
Stock Market9,316-0.82 %Feb 20

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