Tuesday, December 6, 2022

Swiss industry is growing

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Specifically, production in the secondary sector (industrial production) increased by 6.9 percent in the period from January to March 2022 compared to the same period of the previous year, as the Federal Statistical Office (FSO) announced on Friday. The value is between those of the last two quarters (Q4 +6.2%, Q3 +8.3%).

In industry (excluding construction), production increased by 7.9 percent compared to the same quarter last year, with February being the best month at +15.4 percent. In the construction industry, on the other hand, there was a decline of 0.5 percent. Building construction (+0.2%) still achieved a slight plus, while civil engineering (-3.8%) suffered a drop in production. In the other construction industry (preparatory construction site work, building installations, etc.), production fell by 0.5 percent.

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