Swiss Industrial Output Falls in Q4

2026-02-19 07:47 By Judith Sib-at 1 min. read

Industrial production in Switzerland fell by 0.7% year-on-year in the fourth quarter of 2025, after a downwardly revised 2.0% increase in the third quarter.

This marked the first contraction since the first quarter of 2024, reflecting a sharp slowdown in output for mining and quarrying (0.5% vs 11.8% in Q3) and manufacturing (0.5% vs 4.5%).

Within manufacturing, growth weakened notably in textiles and apparel (8.2% vs 25.1%) and pharmaceutical products (2.7% vs 10.3%), while production for transport equipment plunged (-17.0% vs 4.4%).

Meanwhile, electricity supply continued to decline, although at a softer pace (-12.9% vs -24.1%).

On a seasonally adjusted quarterly basis, industrial output dropped by 3.3%, following an upwardly revised 0.8% fall in the previous period.



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Swiss Industrial Output Falls in Q4
Industrial production in Switzerland fell by 0.7% year-on-year in the fourth quarter of 2025, after a downwardly revised 2.0% increase in the third quarter. This marked the first contraction since the first quarter of 2024, reflecting a sharp slowdown in output for mining and quarrying (0.5% vs 11.8% in Q3) and manufacturing (0.5% vs 4.5%). Within manufacturing, growth weakened notably in textiles and apparel (8.2% vs 25.1%) and pharmaceutical products (2.7% vs 10.3%), while production for transport equipment plunged (-17.0% vs 4.4%). Meanwhile, electricity supply continued to decline, although at a softer pace (-12.9% vs -24.1%). On a seasonally adjusted quarterly basis, industrial output dropped by 3.3%, following an upwardly revised 0.8% fall in the previous period.
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Industrial production in Switzerland grew by 2.4% year-on-year in the third quarter of 2025, rebounding from an upwardly revised 2.1% gain in the previous three-month period. Output increased much more rapidly in the mining and quarrying (14.3% vs 8.6% in Q2) sector, weighed by increases in the manufacture of pharmaceutical products (10.2% vs 3.9%) and other manufacturing, repair and installation (11.9% vs 6.2%). Activity in manufacturing also rose at a faster pace to 4.9% from 3.0%. Meanwhile, output slipped further for electricity supply (-6.3% vs 5.4%). On a seasonally adjusted quarterly basis, industrial activity fell 0.3% in the third quarter of 2025, following a revised 2.2% fall in the previous three-month period.
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