Switzerland Q1 GDP +0.3% vs +0.1% q/q expected

  • Latest data released by the Federal Statistics Office - 30 May 2023
  • Prior 0.0%
  • GDP +0.6% vs +0.6% y/y expected
  • Prior +0.8%

The Swiss economy grew by more than expected in Q1, supported by domestic demand and rising exports mostly. Consumer spending increased by 0.6% on the quarter and the recovery in the travel sector has played a main part in that.

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