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 declined by 1.9% in November compared with the preceding month. [2] Industrial production fell by 1.8%, and construction output by 1.7%. Energy generation saw a decline of 3.1% according to preliminary figures. Within industry, the manufacturers of consumer goods recorded the sharpest drop (-4.1%). The production of capital goods and intermediate goods declined by 1.8% and 1.0% respectively.

The two-month comparison October/November versus August/September shows a drop of 1.8% in the goods-producing sector. Industrial output was down 1.5%, and construction sector output down 0.9%. Energy generation recorded a particularly sharp decline (-6.2%).

Output continued to weaken in November. This was also due to days taken off to bridge the gap between public holidays and the weekend. Industrial output continued to fall in significant sectors. In the automotive industry, the WLTP problem continues to have an impact. In October/November, however, industrial orders slightly increased again compared with the third quarter.

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[1] Press release by the Federal Statistical Office es of 8 January 2019.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).