Switzerland Q1 GDP -0.5% vs -0.4% q/q expected

Source Node: 880267

Latest data released by the Federal Statistics Office – 1 June 2021

Latest data released by the Federal Statistics Office - 1 June 2021
  • Prior +0.3%; revised to +0.1%
  • GDP -0.5% vs -0.2% y/y expected
  • Prior -1.6%

A softer report but not one that matters too much as it confirms a subdued quarter for the Swiss economy, though conditions could have been worse – much like the rest of Europe.

Source: https://www.forexlive.com/news/!/switzerland-q1-gdp-vs-04-qq-expected-00-20210601

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