Stronger-than-expected Q2 GDP reading in Switzerland

- Switzerland, GDP report for Q2. Actual: 0.7% q/q. Forecast: 0.5% q/q. Earlier: 0.5% q/q.

In the second quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.5%, following 0.3% in the previous quarter. This result was slightly above average, driven by the strong expansion of the chemical and pharmaceutical industry. Growth in the other sectors was mixed, reflecting weak domestic demand.

Source: SECO

Source: xStation

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