Schweißer symbolisiert die Entwicklung der Produktion im produzierenden Gewerbe

© Tremblay

According to the Federal Statistical Office1, output in the goods-producing sector rose by 0.6% in September as compared to the previous month.2 While output in industry increased by 0.7%, there was a 0.3% decline in construction. The energy sector recorded growth of 1.7%.

Economic development in the individual industrial sectors varied: The large sector of vehicles and vehicle parts registered a strong increase of 9.3%. Pharmaceuticals (+10.9%), coke and refined petroleum products (+10.5%), data processing equipment, electrical and optical products (+3.8%), paper and cardboard (+1.2%) and metal products (+0.9%) also recorded growth. Other sectors, however, such as chemicals (-2.9%), mechanical engineering (-1.7%) and glass, glassware and ceramics (-1.3%) saw declines in output.

Industrial output increased again at the end of the third quarter, following declines in the two previous months. There was a considerable quarter-on-quarter increase of 0.5%. Nevertheless, the outlook for the coming months remains subdued. Business confidence continues to be low and demand is noticeably declining.

1Press release by the Federal Statistical Office of 7 November 2022.

2All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).