(MENAFN) According to the Swiss State Secretariat for Economic Affairs (SECO), the confederation's gross domestic product (GDP) declined at 0% in this year's third quarter, despite being 1.3% up compared to the same period in 2015, while investment in construction and equipment has supported GDP growth, both rising by 0.5%.
However, the balance of trade in goods and services had a negative impact, as exports of goods declined by 0.2% in 2016's third quarter, while imports registered a 0.2% increase, supported by the chemicals and pharmaceuticals as well as vehicles categories.
Accordingly, GDP growth was stimulated by moderate growth in the manufacturing sector by 0.9%, the accommodation and food service industry by 0.3% and public administration up 0.1%.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.