Business & Finance
Swiss industrial production climbs despite nervous outlook
ZURICH: Swiss industrial production accelerated at the end of last year, defying some of the gloom surrounding the s
ZURICH: Swiss industrial production accelerated at the end of last year, defying some of the gloom surrounding the sector and a slowdown in key European markets.
Production rose by 5.1 percent during the fourth quarter, compared with a year earlier, picking up from a 1.4 percent rate in the third quarter, figures from the Swiss Federal Statistics Office showed.
Sales increased 5.9 percent from 3.9 percent a year earlier.
The figures contrasted with the cautious outlook from many in the industrial sector.
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