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Production, orders and turnover statistics of the secondary sector in the 1st quarter 2023 Production in the secondary sector in Switzerland increased in 1st quarter 2023 by 2.9%

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Secondary sector production in Switzerland declined by 0.6% in 4th quarter 2023

22.05.2023 - Secondary sector production rose by 2.9% in 1st quarter 2023 in comparison with the same quarter a year earlier. Turnover rose by 6.1%. This increase has been uninterrupted since 1st quarter 2021. This is shown by provisional results from the Federal Statistical Office (FSO).

In comparison with the previous year industrial production grew in January by 4.0%, in February by 0.7%, and in March by 5.2%. For the whole of 1st quarter 2023 production increased by 3.4% in comparison with the same quarter a year earlier.

Construction production declined by 1.4% in 1st quarter 2023 in comparison with the same quarter a year earlier. Production declined by 6.0% in building, civil engineering also registered a decline (-6.4%). Lastly, specialised construction activities registered an increase of 1.8% in their production.

Turnover

Industrial turnover in January rose by 6.3% in comparison with the previous year, and in February (+5.4%) and in March (+7.6%). For the whole of 1st quarter 2023 in comparison with the same quarter a year earlier, turnover registered an increase of 6.4%.

Construction turnover rose by 4.3% in 1st quarter 2023 in comparison with the same quarter a year earlier. Turnover fell by 1.1% in building, civil engineering registered a decline of 1.5%, specialised construction activities an increase of 8.2%.

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