Swiss GDP Growth Revised Down

2026-06-01 07:20 By Agna Gabriel 1 min. read

Switzerland’s gross domestic product expanded 0.4% quarter-on-quarter in the three months to March 2026, less than initial estimates of 0.5%.

Industrial output increased 1.3%, led by manufacturing (+1.5%).

On the other hand, the chemical and pharmaceutical industry contracted (-3.4%) as exports of these products fell sharply, contributing to a 2.2% decline in overall goods exports.

Services grew just 0.2%, with mixed performance across sectors.

Transport (+1.9%) and financial services (+1.3%) supported growth, helped by stronger interest and commission income.

In contrast, trade fell 0.8%, including a 1.3% decline in retail activity.

Accommodation and food services also weakened (-0.6%) due to fewer overnight stays.

Services exports rose only 0.5%.

Domestic final demand increased just 0.1%.

Government spending grew strongly (+0.9%), but both equipment investment (-0.2%) and construction investment (-0.2%) declined.

Imports fell 2.4%, reflecting weak domestic demand.



News Stream
Swiss GDP Growth Revised Down
Switzerland’s gross domestic product expanded 0.4% quarter-on-quarter in the three months to March 2026, less than initial estimates of 0.5%. Industrial output increased 1.3%, led by manufacturing (+1.5%). On the other hand, the chemical and pharmaceutical industry contracted (-3.4%) as exports of these products fell sharply, contributing to a 2.2% decline in overall goods exports. Services grew just 0.2%, with mixed performance across sectors. Transport (+1.9%) and financial services (+1.3%) supported growth, helped by stronger interest and commission income. In contrast, trade fell 0.8%, including a 1.3% decline in retail activity. Accommodation and food services also weakened (-0.6%) due to fewer overnight stays. Services exports rose only 0.5%. Domestic final demand increased just 0.1%. Government spending grew strongly (+0.9%), but both equipment investment (-0.2%) and construction investment (-0.2%) declined. Imports fell 2.4%, reflecting weak domestic demand.
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