Industry in Switzerland

Switzerland Industry | Economic News & Forecasts

Switzerland - Industry

Available data suggests growth weakened significantly in the second quarter, following the solid performance logged in the first quarter. The manufacturing PMI fell into contractionary territory in April and further tumbled to a near seven-year low in June, while the KOF economic barometer deteriorated throughout the quarter. Meanwhile, a sharp contraction in retail sales in May bodes poorly for private consumption in Q2, although a falling unemployment rate should cushion a slowdown. On the political front, disagreements with the EU over the stalled framework agreement—designed to more closely align Swiss and EU regulations—led the EU to let Switzerland’s stock-exchange equivalence expire on 30 June, prompting Swiss authorities to ban trading of Swiss equities in European trading venues. This will likely fan tensions with the bloc and weigh on business confidence ahead.

Switzerland - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.4  1.1  -2.0  0.1  5.2  

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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-0.836.27 %Jul 31
Exchange Rate0.99-0.54 %Jul 31
Stock Market9,919-0.82 %Jul 31

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