Swiss industrial production down slightly in the second quarter
Keystone-SDA
Production in Switzerland’s secondary sector fell in the second quarter of 2025. The decline was more pronounced in the construction sector than for industry.
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Production across the entire secondary sector of the economy, i.e. industry and construction, fell by 0.4% between April and June 2025 compared to the same period in the previous year, the Federal Statistical Office (FSO) reported on Monday.
Industrial production alone was down only slightly year-on-year at -0.1%. One effect of the tariff discussions that began in April with Donald Trump’s so-called “Liberation Day” can be seen by the fact that production had risen by 7.5% ahead of the talks and in the first quarter. This means that a normalisation took place in the second quarter of the year.
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Swiss economy stagnates in second quarter
The largest downturns were seen in vehicle construction (-10.4%), the textile and clothing (-4.7%) and the wood and paper (-1.9%) sectors. Meanwhile, production was higher than in the previous year in the data processing equipment and watches sector (+1.8%) and in the manufacture of pharmaceutical products (+1.6%).
Declining industrial turnover
At -0.5% overall, production in the construction sector fell more sharply than industry. However, both building construction (+1.9%) and civil engineering (+7.5%) increased, while the area of preparatory construction site work and construction site installations fell (-2.5%).
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Swiss industrial production picks up in Q1 2025
Turnover fell more sharply than production, down -1.2% on the previous year. However, the decline is only attributable to industry, which recorded a fall in turnover of 1.4%. In the construction industry, on the other hand, turnover actually rose slightly compared to the same period last year.
Translated from German with DeepL/sb
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