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Swiss GDP growth accelerates in Q3

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Staff 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
Gross domestic product expanded 0.6% in the third quarter from the second quarter, when it grew by revised 0.4%. The rate came 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%.