The State Secretariat for Economic Affairs (SECO) released its gross domestic product (GDP) data for Switzerland on Friday. Switzerland's GDP increased 0.2% in the second quarter, beating expectations for a 0.1% fall, after a 0.2% decline in the first quarter.

The increase was driven by higher exports.

Exports of goods climbed 0.5% in the first quarter, while exports of services increased 0.9%.

Imports of goods dropped 3.6% in the second quarter, while imports of services were up 3.0%.

Household spending climbed to 0.3% in the second quarter, government spending was up 0.2%, equipment and software spending rose 1.5%, while construction spending increased 0.1%.

On a yearly basis, Switzerland's economy grew at 1.2% in the first quarter, exceeding expectations for a 0.9% rise, after a 1.2% increase in the first quarter. The first quarter's figure was revised up from a 1.1% gain.