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Macroeconomics  |  September 02, 2010 17:23:01

The Swiss economy grew in the second quarter by 0.9 pct


Gross domestic product of Switzerland in the second quarter increased by 0.9% in the first quarter, the economy expanded by 1.0%, said the Office for Economic Affairs (SECO). Growth supported by domestic demand and exports. In comparison to GDP increased by 3.4% after 2.3% in 1Q 2010th In the same quarter a year ago the economy declined by 3.3% and the worst result recorded in 2009. Profit in 2Q exceeded market expectations. Consensus analysts' projected growth of 0.8% and 2.6% annual rate.

Expenditure on consumption stagnated on a quarterly basis after growth of 0.5% in 1Q. Government final consumption decreased by 0.1% after -0.4% in the first quarter.Capital expenditure, however, grew by 2.1%, of which the equipment by 2.8%, in construction by 1.3%. Export of goods and services grew by 1.7%, but imports jumped 4.6%. Growth in value added manufacturing sector recorded a 2.0% Financial Services 1.6%, construction 0.9%, manufacturing and public utilities 0.1%. Value added declined in trade and repairs by 0.1% and agriculture by 0.5%.

GDP price index was flat year on year in Q2, PCE price index rose by 0.5%. SNB projects at this year's economic growth by 2.0%.

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Švýcarská ekonomika rostla ve druhém čtvrtletí o 0,9 pct

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