Federal Statistical Office said, Swiss industrial production logged its fastest growth in more than a year in the third quarter.

Industrial production grew 8% year-on-year in the third quarter, faster than the 4.4% increase in the second quarter. This was the fastest expansion since the second quarter of 2018, when output advanced 9.2%.

Meanwhile, construction output contracted 1.1% annually. The overall secondary sector production climbed 6.3% versus 3.3% growth registered in the second quarter.

Turnover on the secondary sector grew at a faster pace of 4.7% after rising 2% in the second quarter.