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 1.6% in September as compared to the previous month. [2] Industrial production dropped by 1.6% while construction output posted a slight increase of 0.4%. Output of capital goods recorded the largest decline (-2.7%) in the industrial sector. Output of intermediate and consumer goods fell slightly, by -0.8% and -0.3% respectively.

This means that output in the goods-producing sector was up by 0.8% in the third quarter. Industrial production recorded a significant increase of 1.7 %. It was thus higher than in the two preceding quarters, which saw strong growth of +1.3 % in the first and +1.4 % in the second quarter. In contrast, construction output was below the high level of the preceding quarter (-1.0%).

Industry keeps developing dynamically. Following strong growth in the first half of the year, production output increased even more in the third quarter. The construction industry is currently developing at a noticeably more moderate pace. Overall, output in the goods-producing sector is expected to keep growing in the coming months.

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[1] Press release by the Federal Statistical Office of 7 November 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (Census X-12-ARIMA).