Swiss GDP growth accelerates in Q3Staff Writer | November 30, 2017
Switzerland's economic growth accelerated in the third quarter, the State Secretariat for Economic Affairs reported Thursday.
Switzerland In line with expectations
On a yearly basis, growth increased to 1.2% from 0.5% a quarter ago. Economists had forecast growth to improve moderately to 0.8%.
The expenditure-side breakdown of GDP showed that household spending and government expenditure advanced 0.4% and 0.5%, respectively.
Investment in equipment and software climbed 0.9%, while construction investment dropped 0.1%, data showed.
Exports of goods gained 2.1%, while exports of services contracted 0.4%. At the same time, imports of goods fell 1.6% and imports of services decreased 0.7%. ■