Switzerland's industrial production declined at the steepest pace in nearly six years, provisional data from the Federal Statistical Office showed on Thursday.Industrial production plunged 7.1 percent year-over-year in the first quarter, much faster than the 0.4 percent drop in the fourth quarter. Further, this was the fastest decrease since the second quarter of 2020.Among sectors, manufacturing ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.