Switzerland's industrial production growth accelerated to an all-time high of 15.7 percent year-on-year in the second quarter of 2021, from a revised 4.7 percent in the previous three-month period, reflecting the ongoing economic recovery and a low base year due to the coronavirus pandemic that hit activity during the same period of 2020. Manufacturing output expanded 16.8 percent (vs 5.5 percent in Q1), mainly led by sharp increases in the production of electronic products, watches and clocks; textiles and apparel; machinery and equipment; rubber and plastics products; and metal products. In addition, electricity supply rose 4.1 percent (vs 1.1 percent in Q1) and mining and quarrying advanced 13.9 percent (vs 17.3 percent in Q1). source: Swiss Federal Statistical Office
Industrial Production in Switzerland averaged 2.11 percent from 1991 until 2021, reaching an all time high of 15.70 percent in the second quarter of 2021 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 October of 2021.
Industrial Production in Switzerland is expected to be 9.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Industrial Production is projected to trend around 4.00 percent in 2022 and 3.60 percent in 2023, according to our econometric models.