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

© iStock.com/Tony Tremblay

According to the Federal Statistical Office [1], moutput in the goods-producing sector rose slightly by 0.4% in November compared with the preceding month. [2] Industrial production increased by 0.4%. At 1.5%, the rise in output in the construction sector over the previous month was more significant.

As an average for the months of October/November, industrial output was 0.8% above the average level seen in the third quarter. Output in the construction sector was 1.6% higher.

Industrial production and output in the construction sector picked up perceptibly after a weak summer half-year. Production growth is likely to be robust in the winter half-year in view of both new orders in industry and in the construction industry proper and the indicators of sentiment in these sectors.

[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).