Swiss economy grows by 0.7% in Q2 - Breaking The News
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Swiss economy grows by 0.7% in Q2

Economy
Christian Baha / AY

1 min read

UNSPLASH / TOBIAS REICH

The Swiss Gross Domestic Product (GDP) in the second quarter rose 0.7% compared to the previous three-month period, the Swiss State Secretariat for Economic Affairs (SECO) revealed in its report on Tuesday. Year over year, the figure grew 1.8%.

Quarter on quarter, manufacturing and construction increased 2.6% and 0.1% respectively, while trade declined 1.2%. On an annual level, manufacturing jumped 3.9%, construction added 0.4%, and trade lost 0.7%.

"The slightly above-average result was shaped by a strong expansion of the chemical and pharmaceutical industry. In line with weak domestic demand, the other sectors developed mixed," it was mentioned in the report.

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