Growth of the Swiss economy has slowed down

the growth of the Swiss economy slowed in the fourth quarter of 2019 something. The real gross domestic product (GDP) grew in the fourth quarter of 2019, by 0.3

Growth of the Swiss economy has slowed down

the growth of the Swiss economy slowed in the fourth quarter of 2019 something. The real gross domestic product (GDP) grew in the fourth quarter of 2019, by 0.3 percent, this after (unrevidierten) 0.4 per cent in the previous quarter. Compared to the previous quarter, the GDP reached a growth of 1.5 per cent to 1.1 per cent, as the state announced Secretariat for economic Affairs (Seco) on Tuesday.

The growth rate was above the expectations of Economists. The AWP of the experts interviewed had seen the growth quarter-on-quarter at 0.0 to 0.2 percent in the previous year, compared with 1.1 to 1.4 percent.

According to the Seco stagnated in the reporting quarter, the value added in the manufacturing sector (-0,0%) after four quarters of above-average growth. The unfavourable international environment laste on the cyclically sensitive sectors, such as the machinery and metal industry, whose sales went back again.

In the Wake of the international development of the economy are investment in machinery and in electrical equipment is more sensitive to decreased, the Seco. Due to the highly volatile investment in aircraft investment in equipment ( of 2.4%) have resulted, nevertheless, a Plus.

The construction ( by 0.4%) developed positively, as well as the value added in construction ( by 0.9%). Also, the final consumption expenditure of households ( 0.4%) and the state ( 0.5%), and increased in the sum is a little stronger than in the previous quarter, supported inter alia by the decline in consumer prices. The domestic demand had grown overall to be moderate, means.

First results for the year 2019

published in The Seco has also first estimates for the year as a whole. Thus, a real GDP growth rate of 0.9 percent (in 2018: 2.8%) and resulted in for 2019. Excluding sports events, the growth was 1,4% (2018: 2,3%).

Thus, the Swiss economy had grown in a similar behavior as in the years 2015 and 2016. (fal/sda)

Created: 03.03.2020, 08:43 PM

Updated Date: 03 March 2020, 09:06

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