In the entire secondary sector of the economy – industry and construction – production rose by 7.3% between January and March 2025 compared to the same period in 2024, the Federal Statistical Office (FSO) reported on Friday. Turnover climbed by 2.6%.
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Swiss economic growth accelerated in Q1 2025
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Estimated Swiss economic growth accelerated 0.7% in the first quarter of the year compared to the previous quarter.
Production in the industrial sector rose by 8.5%. The most significant increases were in the manufacture of pharmaceutical products (+30.1%) and in the manufacture of goods, repairs and installations (+10.1%). Meanwhile, turnover also rose by 2.5% over the quarter.
The construction sector lagged somewhat behind industry with an increase of 4.3%. While building construction grew by 4.5%, civil engineering increased by 7.4%. Production in other construction rose by 3.9%. Turnover increased by 5.0% overall.
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Swiss economy impacted by US tariffs but no crisis
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United States tariffs will lead to a sharp weakening of the Swiss economy, but not to a collapse, the government says.
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Global uncertainty boosts Swiss-EU talks, says Cassis
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Swiss Foreign Minister Ignazio Cassis says Switzerland’s talks with the European Union (EU) have been boosted by the current difficult global situation.
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