Latest data released by the Federal Statistics Office - 23 August 2018
- Prior +9.0%; revised to +6.8%
- Industry and construction output WDA +7.6% y/y
- Prior +8.1%; revised to +5.6%
Industrial output showed a notable improvement and same goes for factory activity, but only because Q1 figures were revised heavily downwards. Nonetheless, they are relatively low-tier data with regards to the Swiss economy and the SNB - the focus remains on the currency and inflation.
