Swiss Industrial Output Falls Most in 6 Years

2026-05-21 06:48 By Kyrie Dichosa 1 min. read

Industrial production in Switzerland declined by 7.1% year-on-year in the first quarter of 2026, following a downwardly revised 0.4% fall in the previous period and steeper than the expected 0.5% drop.

This also marks the largest decline since the second quarter of 2020, as output in manufacturing fell for the first time in two years (-7.2% vs 0.9% in Q4), particularly in the manufacture of pharmaceutical products (-20.4% vs 2.8%) and vehicles (-15.0% vs -19.1%).

These declines were partially offset by higher output in metal products (8.8% vs 3.5%) and computer equipment and watches (6.6% vs 1.0%).

Activity also continued to decline in energy supply (-6.9% vs -12.9%).

In contrast, output growth accelerated in mining and extraction (3.7% vs 3.0%).

On a seasonally adjusted quarterly basis, industrial activity went down by 1.6%, following a 2.9% drop in the prior period.

Meanwhile, industrial output including construction fell 6.1%, after rising just 0.1% in the previous quarter.



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Swiss Industrial Output Falls Most in 6 Years
Industrial production in Switzerland declined by 7.1% year-on-year in the first quarter of 2026, following a downwardly revised 0.4% fall in the previous period and steeper than the expected 0.5% drop. This also marks the largest decline since the second quarter of 2020, as output in manufacturing fell for the first time in two years (-7.2% vs 0.9% in Q4), particularly in the manufacture of pharmaceutical products (-20.4% vs 2.8%) and vehicles (-15.0% vs -19.1%). These declines were partially offset by higher output in metal products (8.8% vs 3.5%) and computer equipment and watches (6.6% vs 1.0%). Activity also continued to decline in energy supply (-6.9% vs -12.9%). In contrast, output growth accelerated in mining and extraction (3.7% vs 3.0%). On a seasonally adjusted quarterly basis, industrial activity went down by 1.6%, following a 2.9% drop in the prior period. Meanwhile, industrial output including construction fell 6.1%, after rising just 0.1% in the previous quarter.
2026-05-21
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.
2026-02-19
Swiss Industrial Output Rebounds in Q3
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.
2025-11-17