Production and turnover in Switzerland’s secondary sector rose sharply in 2nd quarter 2021

Secondary sector production rose by 14.2 % in 2nd quarter 2021 in comparison with the same quarter a year earlier. Turnover rose by 15.5 %. These sharp increases can largely be explained by the weak 2nd quarter of 2020, during which measures against the COVID-19 pandemic came into effect. This is shown by provisional results from the Federal Statistical Office (FSO).

Compared with the previous year, production in the industrial sector rose in April (+16.1 %), in May (+17.4 %) and in June (+13.1 %). For the whole of 2nd quarter 2021 production increased by 15.7 % in comparison with the same quarter a year earlier.

Construction production increased by 6.5 % in 2nd quarter 2021 in comparison with the same quarter a year earlier. Production rose by 4.9 % in building, civil engineering in contrast registered a decline (–2.1 %). Lastly, specialised construction activities registered an increase of 8.8 % in their production.

Turnover

Turnover in the industrial sector rose in April (+18.5 %), in May (+19.6 %) and in June (+14.1 %) compared with the previous year. For the whole of 2nd quarter 2021 in comparison with the same quarter a year earlier, turnover registered an increase of 17.4 %.

Construction turnover rose by 8.1 % in 2nd quarter 2021 in comparison with the same quarter a year earlier. Turnover rose by 7.5 % in building, Civil engineering registered a decline of 1.0 %, specialised construction activities an increase of 9.4 %.

Comparison with pre-pandemic period

If the results of the indices are compared with the results of the 2nd quarter 2019, i.e. the last comparable period prior to the outbreak of the pandemic, different rates of change emerge: The two-year comparison shows a 5.0 % increase in production in industry when the 2nd quarter 2021 is compared with the 2nd quarter 2019 (turnover: +2.4 %). Similar comparison in construction production shows an increase of 1.2% (turnover: +2.9 %). Lastly, the same comparison applied to the secondary sector shows an increase in production of 4.4% (turnover: +2.5 %).

Consumer Price Index Production, orders and turnover statistics of the secondary sector

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