Swiss GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Swiss economic health.
Actual
0.7%
Forecast
0.5%
Previous
1%
Source: State Secretariat for Economic Affairs. Figures as released; revisions appear in the next print.
Switzerland GDP Growth Rate for Q2 2018 came in at 0.7% versus 0.5% expected (previous 1%), above forecast, which was positive for the CHF.
What it meant for the Swiss Franc
The actual landed above the 0.5% forecast (0.2 above expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was positive for the CHF.
New to this release? See what Switzerland GDP Growth Rate measures, the next release and its full history.