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- Swiss industrial production rose sharply in the second quarter.
Swiss industrial production rose sharply in the second quarter.
According to the provisional results from the Federal Statistical Office (FSO), secondary sector production rose by 14.2% in 2nd quarter 2021 in comparison with the same quarter a year earlier. Turnover rose by 15.5%. These sharp increases can largely be explained by the weak 2nd quarter of 2020, during which measures against the COVID-19 pandemic came into effect. This is shown by provisional results from the Federal Statistical Office (FSO).
Compared with the previous year, production in the industrial sector rose in April (+16.1%), in May (+17.4%) and in June (+13.1%).
For the whole of 2nd quarter 2021 production increased by 15.7% in comparison with the same quarter a year earlier.
Construction production increased by 6.5% in 2nd quarter 2021 in comparison with the same quarter a year earlier. Production rose by 4.9% in building, civil engineering in contrast registered a decline (–2.1%). Lastly, specialised construction activities registered an increase of 8.8% in their production.
Turnover in the industrial sector rose in April (+18.5%), in May (+19.6%) and in June (+14.1%) compared with the previous year. For the whole of 2nd quarter 2021 in comparison with the same quarter a year earlier, turnover registered an increase of 17.4%.
Construction turnover rose by 8.1% in 2nd quarter 2021 in comparison with the same quarter a year earlier. Turnover rose by 7.5% in building, Civil engineering registered a decline of 1.0%, specialised construction activities an increase of 9.4%.
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