Industry in Switzerland

Switzerland Industry | Economic News & Forecasts

Switzerland - Industry

The latest data suggests the economy has been fairly subdued so far in Q2. In April, the manufacturing PMI deteriorated, likely owing to weak demand from the Eurozone, while the KOF economic barometer moved further below the long-run average. In more positive news from the same month, the services PMI surged, driven by increased client demand, while the unemployment rate was at the joint-lowest level since July 2008. This follows what should have been a fairly robust Q1 expansion. Industrial production was solid in Q1 and the services PMI was strong. Moreover, business confidence edged higher, which likely bodes well for fixed investment. That being said, retail sales ebbed and consumer confidence abated somewhat. In mid-May, the electorate approved a corporate-tax overhaul to ensure Switzerland remains a low tax domicile, while also satisfying international regulations. This will support economic competitiveness going forward.

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

ValueChangeDate
Bond Yield-0.626.27 %Jun 20
Exchange Rate0.98-0.54 %Jun 20
Stock Market9,979-0.82 %Jun 20

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