Swiss industry continues strong performance
Switzerland's industrial sector is continuing to benefit from the economic recovery, according to the latest production output figures from the federal statistics office released on Thursday.
Industrial output rose 8.2 per cent in the second quarter year on year. Sales grew by 8.3 per cent while new orders were up by 13.1 per cent. Orders from abroad were up 17.7 per cent.
The best performing areas were machinery and equipment, the manufacture of non-metallic mineral products, chemicals and chemical products and the manufacture of metal products.
Some sectors, however, performed less well and showed negative growth year on year. They included the manufacture of coke, refined petroleum and nuclear fuel and foodstuffs, beverages and tobacco.
The industrial production data comes after official figures released last week showed GDP up 3.8 per cent in the second quarter, slightly down on the first quarter figure.
Economists believe economic growth has reached its peak and government advisers forecast growth for the year as a whole at 3.1 per cent, slowing to 2.1 per cent in 2001.
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