• Switzerland’s GDP grew by 0.3 % in the first quarter of 2017

Market news

1 June 2017

Switzerland’s GDP grew by 0.3 % in the first quarter of 2017

Private consumption growth expanded only slightly, while government consumption rose moderately. Following the previous quarter's fall, investment in construction and equipment increased. The trade balance contributed notably to overall GDP growth. On the production side, growth was largely driven by manufacturing, while service sector performance varied widely.

Value added rose in healthcare and social work activities, but dropped in retail services, in financial services and in certain other service sectors. The GDP deflator experienced a year-on-year increase for the first time in 13 quarters.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.