Switzerland Q1 GDP qq +0.1% vs +0.3% exp

Swiss Q1 GDP report 1 June 2016

• +0.4% prev
• yy +0.7% vs +0.9% exp vs +0.3% prev revised down from +0.4%
• household consumption+ 0.7% q/q vs +0.1% q/q prev
• capital and construction investment +2.1% q/q and 1.1% q/
• public consumption -0.8% q/q, the first quarterly drop since Q1 2015.

Softer than expected data but CHF unfazed.