FX.co ★ Swiss Industrial Production Slumps 7.1% in Q1, Deepening Downturn Year-on-Year

Switzerland’s industrial sector recorded a sharp contraction in the first quarter, with industrial production falling 7.10% year-on-year, according to data updated on 21 May 2026. The decline marks a significant deterioration from the previous reading of -0.40% year-on-year, also recorded for the first quarter of 2026 on a comparative basis.

The figures are based on year-over-year comparisons, where the current result measures output in the first quarter against the same period a year earlier, while the previous indicator compared the prior quarter’s performance to its corresponding quarter a year earlier. The steep move from a marginal decline to a pronounced drop underscores mounting pressure on Swiss industry, suggesting a more challenging operating environment for manufacturers as the year progresses.