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 3.0% in December compared with the preceding month, following a period of moderate growth during the two months previous to that (+0.5 % respectively).[2] Industrial output declined by 3.4 %. Output in the construction sector fell by 1.7 % compared with the preceding month.

In the final quarter of 2016, overall output in the goods-producing sector remained almost unchanged, falling slightly by -0.1% compared with the third quarter. While industrial production in the fourth quarter was only slightly lower than in the third quarter, the construction sector recorded a significant increase in output of 1.6 %.

New orders in industry and the construction industry proper and the indicators of sentiment in these sectors are indicative of an upturn in production in the coming months.

[1]  Press release by the Federal Statistical Office of 9 January 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar-day and seasonal factors (Census X-12-ARIMA).