The Swiss economy grew 0.6% in the first quarter

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The Swiss economy in the first quarter increased by 0.6% compared to the fourth quarter, when growth was at the level of 0.3%. This was announced by the Swiss State Secretariat for Economic Affairs. According to economists, an increase of only 0.3% was expected. Compared to the same period a year earlier, GDP grew by 1.7%, accelerating compared with a rise of 1.5% in the fourth quarter. This figure also exceeded the increase predicted by experts by 1%. Growth in consumer spending in this period was slightly higher than the average rate, accelerating to 0.4%. Growth in consumer spending was noted in all sectors. Their greatest growth was recorded in health care. Investments in construction increased by 0.5%, in equipment - by 1.5%. Growth in exports of goods slowed to 2.2% from 5.8% a quarter earlier. There was also an acceleration in the growth of exports of services - from 0.6% to 1.7%. The volume of imports of goods increased by 2.4%, services - by 1.3%. The processing industry showed an increase in production of 1.5%.

 

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