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 1.4% in October as compared to the previous month. [2] Industrial production declined by 2.0 %, and construction output by 1.3 %. Within industry, production of capital goods and consumer goods fell sharply (by 2.7 % and 2.6 % respectively). Production of intermediate goods dropped by 1.0 %.

The two-month comparison of September/October against July/August shows a drop of 0.4% in the goods-producing industries. Industrial production fell by 0.7 %. Construction output declined by 0.4 %.

While output in the goods-producing sector rose perceptibly in the first half of the year, the last two months saw a decline. In October, this was primarily due to "bridging days" between public holidays and weekends. However, the favourable development in new orders and in particular the more optimistic business expectations point towards a continuation of the good industrial situation.

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