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 rose by 0.8% in April as compared to the previous month. [2] Industrial production rose by 0.4% while construction output fell slightly (-0.1%).

The usually more meaningful two-month comparison [3] shows an increase of 1.3% in the goods-producing sector. Industrial production grew by 0.9%, and construction output by 5.6%.

Output in the goods-producing industry continues to point upwards. Industrial output even rose for the fourth time in succession. Solid growth in incoming orders and sales and the excellent business climate are indicative of a continued economic upswing both in industry and the construction sector.

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[1] Press release by the Federal Statistical Office of 8 June 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] March/April compared with January/February.