Switzerland's industrial production fell 8.6 percent year-on-year in the second quarter of 2020, the first decline since the fourth quarter of 2016, as the coronavirus pandemic hit activity and demand. Output shrank for all sectors: manufacturing (-8.9 percent vs flat reading in Q1); electricity supply (-5.9 percent vs 3.5 percent); and mining and quarrying (-6.4 percent vs -7.1 percent). On a seasonally adjusted quarterly basis, industrial production dropped 8.3 percent, after a downwardly revised 0.2 percent gain in the previous period.
Industrial Production in Switzerland averaged 2.07 percent from 1991 until 2020, 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. Switzerland Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Industrial Production in Switzerland is expected to be -12.00 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 3.60 in 12 months time. In the long-term, the Switzerland Industrial Production is projected to trend around 5.10 percent in 2021 and 3.20 percent in 2022, according to our econometric models.