Swiss GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Swiss economic health.
Actual
-0.5%
Forecast
-0.3%
Previous
0.3%
Switzerland GDP Growth Rate for Q1 came in at -0.5% versus -0.3% expected (previous 0.3%), below forecast, which was negative for the CHF.
What it meant for the CHF
The actual landed below the -0.3% forecast (0.2 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.