Welder symbolizes the development of production in the manufacturing sector; Source: iStock.com/Tony Tremblay

© iStock.com/Tony Tremblay

According to the Federal Statistical Office [1], output in the goods-producing sector fell by 0.4% in March as compared to the previous month.[2] Industrial production fell by 0.5%. Construction output grew by 1.5%.

In the first quarter of 2017, output in the goods-producing sector rose by 1.4% over the preceding quarter. Industrial production rose by 1.1%, and construction output by 4.7%.[3]

Dynamism in the goods-producing sector picked up some speed in the first quarter. This is true both of industry and of the construction industry proper. Incoming orders and business climate indicators suggest a continuation of the positive trend.

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[1] Press release by the Federal Statistical Office of 9 May 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar-day and seasonal factors (Census X-12-ARIMA).
[3] Due to the annual update in the reporting base at the end of the year, coupled with alterations in the survey method, the figures for the construction industry proper can only be given a limited cyclical interpretation. Nevertheless, the economic situation in the construction industry proper is good.