Switzerland Industrial Orders y/y reflect a change in the volume of orders for durable and non-durable goods received by Swiss manufacturing companies in the reported quarter compared to the same quarter of the previous year.
The indicator is based on data from a survey of about 3,500 manufacturers across the country. Data from the Swiss Federal Office of Agency and the Gas Industry Association are additionally collected. Companies with less than 10 employees are excluded from calculation.
All new orders for manufactured goods are included in calculation. Here, an order is a message of intention to purchase goods with immediate of future delivery. The statistics only includes orders confirmed by mandatory legal documents (contracts, letters, checks, etc.). Canceled orders are not included in the report.
The indicator characterizes the activity in the Swiss industrial sector. It is used for near-term predictions of production activity.
Growth in the number of orders is an indirect characteristic of consumer demand for manufactured goods. It allows forecasting an increase in production activity in the near future. This may affect CHF quotes positively.
The indicator is seen as leading measure of short-term production activity.
The chart of the entire available history of the "Switzerland Industrial Orders y/y" macroeconomic indicator.
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