Latest data released by the Federal Statistics Office - 22 February 2019
- Prior +1.4%
- Industry and construction output WDA +3.8% y/y
- Prior +1.1%
The positive news is that factory activity continues to run solid in Switzerland based on the indications here. However, it is but a small part of the Swiss economy, which relies majority - almost 3/4 - on the services sector. Not a major release that is going to change the outlook for the swissie or the SNB.
