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 0.1% in January compared with the preceding month. [2] Whilst industrial output grew by 0.6%, construction contracted by 2.2%. Developments varied across the industrial sector. The production of capital and consumer goods expanded by 1.4% and 2.0% respectively. Output of intermediate goods dropped by 1.2%.

This means that, comparing the two months of December/January against October/November, output in the goods-producing sector was up by 0.8%. Industrial production increased substantially, by 1.5%. Construction output dropped by 2.2%. Particularly sharp falls were registered by the fitting-out trade (-3.9%).

Industrial output remains brisk, and the ongoing positive situation on the order books suggests that this is likely to continue. In contrast, construction output was slow at the beginning of the year, continuing the weak development seen in the previous half-year.

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[1] Press release by the Federal Statistical Office of 9 March 2018.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (Census X-12-ARIMA).