Swiss Q3 GDP stronger than expected, +0.6% q/q, +1.4% y/y

Compared to Reuter’s median forecasts of +0.2%, +0.9% respectively.

On the flip side, Q2 data was revised down to +0.3% y/y from previous +0.5%.

But all in all very encouraging.

And who said making watches, chocolate and cuckoo clocks doesn’t pay?