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 2.6% in August as compared to the previous month.[2]While industrial production grew by 3.2%, construction output fell by 1.2%. Output of capital goods recorded the largest increase (+4.8%) in the industrial sector. At 10.8%, the rise in the production of vehicles was particularly striking; this was presumably due to the timing of the works holidays. Output of intermediate and consumer goods also grew (+1.8% and +2.1% respectively).

The more meaningful two-month comparison for July/August compared with May/June shows an increase of 0.7% in the goods-producing sector. Industrial production rose by 1.5%, while construction output fell by 0.9%.

Since the beginning of the year, the upward trend of output in the goods-producing sector has become stronger. The favourable business climate and the positive development in new orders point towards a continuation of the good industrial situation. In contrast, construction output has been falling in the last few months, albeit at a high level.

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