Industrial production · Switzerland
Switzerland Industrial Production YoY
The Switzerland Industrial Production YoY measures the output of factories, mines and utilities in Switzerland (or of one industry).
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- CHF · Swiss franc
- Central bank
- The Swiss National Bank
Latest figures
The latest release for Q2, published on 19 August 2026, came in at 5.5%, above the consensus of -4.7%, up from -7.6% the time before (revised).
A stronger figure than expected points to a healthier economy: it usually supports the Swiss franc and local stocks, and can push bond yields up.
Over the last 7 releases it ranged from -7.1% to 8.5%, averaging 1.5%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 19 Aug 2026 | Q2 | 5.5% | -4.7% | -7.6% ® |
| 21 May 2026 | Q1 | -7.1% | 0.5% | -0.4% ® |
| 19 Feb 2026 | Q4 | -0.7% | – | 2% ® |
| 17 Nov 2025 | Q3 | 2.4% | – | 2.1% ® |
| 18 Aug 2025 | Q2 | -0.1% | – | 8.9% ® |
| 16 May 2025 | Q1 | 8.5% | – | 2.1% ® |
| 18 Feb 2025 | Q4 | 2.3% | – | 3.1% ® |
Why it matters
Industry is a smaller share of output than services in most rich economies but it is far more cyclical and reacts first to global demand. Strong production supports growth estimates; capacity utilisation near its limits points to inflation pressure.
How it is calculated
the Federal Statistical Office (FSO) combines physical output and deflated sales data for many industries into a volume index, adjusted for working days and seasons. Capacity utilisation divides output by estimated maximum output.
Change (mom) = index ÷ last month's index − 1
Capacity utilisation = output ÷ capacity × 100What changes mean
- Monthly changes are noisy (weather, holidays, strikes); compare with the year-on-year rate.
- In Germany, Japan, Korea and China industry carries more weight for the currency.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Swiss franc and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Swiss franc tends to soften and markets price in lower rates.
A short history
The US Federal Reserve has published its industrial production index since 1919; it is one of the series used to date US business cycles.
Questions
What is the Switzerland Industrial Production YoY?
The Switzerland Industrial Production YoY measures the output of factories, mines and utilities in Switzerland (or of one industry).
What was the latest Switzerland Industrial Production YoY?
5.5% for Q2, published on 19 August 2026 (consensus -4.7%, previous -7.6%).
When is the next Switzerland Industrial Production YoY?
On Wednesday 18 November 2026 at 07:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.