Gross domestic product in the first quarter of 2024: Swiss economy sees below-average growth

From bfs.admin.ch

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 industry (+0.3%) expanded slightly as a result of rising turnover in building and civil ... (full story)