Source: iStock.com/Tony Tremblay

© iStock.com/Tony Tremblay

According to the Federal Statistical Office [1], output in the goods-producing sector stagnated in December compared with November (+/-0.0%) [2]. Output in the industrial sector again rose
(+0.9%), whereas construction output declined by 3.2%. The Federal Statistical Office revised the overall result of the preceding month of November upwards.

In the fourth quarter, output in the goods-producing sector grew by 6.1%. Output increased in industry and the construction sector, by 6.8% and 4.0% respectively. Within industry, output rose significantly in the automotive sector (+14.4%).

Industrial output continued to increase in December in spite of the tightened lockdown measures, whereas the construction sector registered a perceptible decline. The outlook for the industrial sector, however, remains subdued as a result of the overall pandemic situation and supply bottlenecks in the semi-conductor industry. This is also indicated by the weak ordering activity recently and the restrained business sentiment.

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[1] Press release by the Federal Statistical Office of 8 February 2021.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).