Swiss industrial production slips in Q2 2025
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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