empty
 
 

2019.05.2802:09:00UTC+00Swiss Economic Growth Accelerates In Q1

Switzerland's economic growth increased in the first quarter on domestic demand and foreign trade, data from the State Secretariat for Economic Affairs, or SECO showed on Tuesday.

Gross domestic product growth doubled to 0.6 percent sequentially from revised 0.3 percent in the fourth quarter of 2018.

Economists had forecast the rate to improve to 0.3 percent from fourth quarter's initially estimated 0.2 percent.

On a yearly basis, GDP advanced 1.7 percent after rising 1.5 percent a quarter ago. Economists had expected growth to ease to 1 percent in the first quarter.

The expenditure-side breakdown of GDP showed that household spending and government expenditure gained 0.4 percent and 0.3 percent, respectively.

Investment in equipment and software grew 1.5 percent and that in construction sector moved up 0.5 percent.

Exports of goods excluding valuables rose 2.2 percent and shipments of services grew 1.7 percent. At the same time, imports of goods excluding valuables increased 2.4 percent and imports of services rose 1.3 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback