Swiss Economy Expands 0.7% in Q

The real gross domestic product (GDP) for Switzerland grew in the 1st quarter of 2012 by 0.7% compared with the 4th quarter 2011.

Private and public consumption delivered a positive boost to growth, whilst gross fixed capital formation and external trade by contrast made a negative contribution to the rise in GDP.

On the production side the services sectors, banking, insurances, real estate, IT and research and development, all made a positive contribution to growth, as did the public administration, social services and healthcare. Industry reported however a decrease in the value-added.

GDP growth was 2.0% compared with the 1st quarter 2011.

Swiss Economy Expands 0.7% in Q, SECO
6/3/2012 10:35:35 PM