Swiss Q3 Industrial Output Grows More Than Expected

(RTTNews) - Swiss industrial output increased more than expected in the third quarter, the Swiss Federal Statistical Office said on Thursday.

Industrial output increased 5.8% on an annual basis in the third quarter, faster than a 5% growth expected by economists'. Meanwhile, industrial turnover rose 2.4%.

Industrial new orders climbed 2.9% annually in the third quarter, while orders on hand grew 6%. However, finished goods inventories fell 2.5%.