Tuesday, 02 January 2024 12:17 GMT

Swiss Economy Posts Strong Growth In Second Quarter


(MENAFN- Swissinfo) The Swiss economy grew by 1.5% in the second quarter of the year, compared with the previous quarter, according to the second estimate published on Thursday by the State Secretariat for Economic Affairs (SECO). Select your language
Generated with artificial intelligence. Listening: Swiss economy posts strong growth in second quarter This content was published on September 3, 2026 - 11:30 1 minute Keystone-SDA
    Français fr Solide croissance confirmée au deuxième trimestre en Suisse Original Read more: Solide croissance confirmée au deuxième trimestre en S

This figure, adjusted for sporting events, confirms the estimates released in mid-August, which point to a marked acceleration following a rise of just 0.55 in the first quarter.

According to federal economists, this represents“the strongest GDP growth since the third quarter of 2021”.

“The strongest impetus came from the chemical and pharmaceutical industry, but value added also rose in many other sectors,” said SECO.

Exports, excluding transit trade, posted a significant rebound of 9.7% during the period under review, following a 1.2% decline between January and March. Investment in capital goods also picked up, accelerating by 0.8% following a decline of 1.2%.

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