Swiss GDP grows 0.4% in Q3 - Breaking The News

Swiss GDP grows 0.4% in Q3

29 November

1 min read

The Swiss Gross Domestic Product (GDP) in the third quarter of 2024 rose 0.4% compared to the previous three-month period, the Swiss State Secretariat for Economic Affairs (SECO) revealed in its report on Friday. Year over year, the figure grew 2%.

Quarter on quarter, construction increased by 0.8% and trade rose by 1.4% while manufacturing decreased by 1.1%. On an annual level, manufacturing jumped 1.5%, construction added 2.1%, and trade lost 0.4%.

"Parts of the services sector, construction, and consumption supported growth, while exports of goods and value-added in manufacturing declined. The chemical and pharmaceutical industry barely grew after a strong previous quarter; the other manufacturing sectors recorded significant declines," the report added.

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