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 1.2% in May as compared to the previous month. [2] Industrial production increased by 1.3 % while construction output fell by 1.0%.

Output in the goods-producing industries is clearly continuing to trend upwards. In the three-month comparison [3], industrial output rose by 2.1% in May. Output of intermediate, capital and consumer goods all grew. Construction output also increased considerably, by 6.1% – partly due to an update of the reference base.

Since the beginning of the year, the strong dynamism of new orders at the end of 2016 has translated into a sharp rise in production figures. In May, industrial output increased for the fifth time in succession. Furthermore, the recovery includes most industries. Industrial activity has thus generally been gaining momentum and has become more broad-based this year.

-------------------------------------

[1] Press release by the Federal Statistical Office of 7 July 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/May compared with December/January/February.