Swiss GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Swiss economic health.
Actual
0.3%
Forecast
0.6%
Previous
0.1%
Source: State Secretariat for Economic Affairs. Figures as released; revisions appear in the next print.
Switzerland GDP Growth Rate for Q2 2017 came in at 0.3% versus 0.6% expected (previous 0.1%), below forecast, which was negative for the CHF.
What it meant for the Swiss Franc
The actual landed below the 0.6% forecast (0.3 below expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was negative for the CHF.
New to this release? See what Switzerland GDP Growth Rate measures, the next release and its full history.