Switzerland's industrial production increased 1.6 percent year-on-year in the fourth quarter of 2019, the least since the third quarter of 2018 and compared to a 7.9 percent surge in the previous three-month period. Output growth slowed for manufacturing (0.7 percent vs 7.1 percent in Q3), namely pharmaceuticals (9.2 percent vs 30.1 percent) and electricity supply (10.7 percent vs 15.5 percent). Also, mining activity decreased, though at a slower pace (-0.2 percent vs -2.6 percent). On a seasonally adjusted quarterly basis, industrial production shrank 0.7 percent, after a downwardly revised 0.4 percent increase in the previous period.
Industrial Production in Switzerland averaged 2.17 percent from 1991 until 2019, reaching an all time high of 12.30 percent in the first quarter of 2000 and a record low of -10.60 percent in the second quarter of 2009. This page provides - Switzerland Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in Switzerland is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Switzerland to stand at 3.40 in 12 months time. In the long-term, the Switzerland Industrial Production is projected to trend around 2.90 percent in 2021 and 3.20 percent in 2022, according to our econometric models.