SZ GDP 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.1,2 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. Value added in manufacturing (+2.6%) grew at an above-average pace in the second quarter. The chemical and pharmaceutical industry (+8.4%) recorded strong quarterly growth on the back of dynamic exports. Value added ...

In the first quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.3%.1,2 This continues the moderate economic growth of the previous quarter (+0.3%). The services sector grew again and private consumption increased solidly. However, industrial output stagnated. Value added in manufacturing (−0.2%) fell slightly in the first quarter, and the chemical and pharmaceutical industry (−0.9%) continued the weak performance of recent quarters. In other industries, value added remained largely stable. The construction ...

Switzerland’s GDP adjusted for sporting events grew moderately in the fourth quarter of 2023 (+0.3%), continuing the below-average growth of the previous quarter (+0.3%).1 The development differed among individual economic sectors and expenditure-side components. Following a positive previous quarter, value added in manufacturing (−0.1%) dipped somewhat, driven by the chemical and pharmaceutical industry falling into negative territory (−2.3%) on the back of declining exports. The other industrial sectors, however, grew again ...

Switzerland's GDP adjusted for sporting events grew at a below-average rate (+0.3%) in the third quarter of 2023, following a slight decline in the previous quarter (−0.1%).1 The international environment remains challenging, with value added in industry stagnating accordingly. However, the service sector was once again able to provide a support. After a negative second quarter, value added in manufacturing (−0.0%) has virtually not fallen any further in the third quarter. As a result of dynamic exports and sales, value added in the ...

Following on from a robust first quarter (+0.9%), Switzerland's GDP adjusted for sporting events remained flat in the second quarter of 2023 (+0.0%).1 Industry saw a decline in value added, while the service sector again grew at an above-average rate. After a positive start to the year, manufacturing (−2.9%) recorded declining value added in the second quarter. One factor in this was the marked decline in the chemical and pharmaceutical industry (−2.3%), which had been moving more or less sideways since the highgrowth years of 2015 ...

Switzerland's GDP adjusted for sporting events saw no growth in the fourth quarter of 2022 (+0.0%), following a 0.2% increase in the third quarter.1,2 The challenging international environment curbed manufacturing output and also exports. Domestic demand showed robust growth. The global economic slowdown took its toll on manufacturing (−0.3%) in the fourth quarter of 2022. While the less cyclically sensitive chemical and pharmaceutical industry (+1.7%) recorded further growth in value added, the other industrial sectors contracted. ...

Switzerland's GDP grew by 0.2% in the third quarter of 2022, following an increase of 0.1% in the second quarter.1 Growth has largely been driven by the domestic economy. The service sector delivered broad-based growth. Meanwhile, some of the more cyclical industrial sectors were held back by the international environment. Despite relatively high inflation rates, private consumer spending (+0.7%) again increased above average in the third quarter. In particular, spending was up on housing and energy, leisure and travel, and non-food ...