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Swiss Economic Growth Slows in First Quarter |
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Tuesday, 31 May 2011 06:24 |
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 May/31 - Swiss economic growth not as fast as expected in the first quarter of 2011. SECO data released today (31/5) shows the first quarter of Switzerland's GDP of 0.3 percent, far lower than 0.8 percent (after revision) in the fourth quarter earlier and 0.7 percent predicted by economists.
Real GDP, meanwhile, rose just 2.4 percent y / y, down compared with 3.1 percent in the fourth quarter. Economists previously estimated growth rate down to around 3 percent.
Detailed data showing menngkat consumption by 0.2 percent over the previous quarter, while investment fell 0.3 percent. Exports increased by 5.7 percent and imports increased by only 0.2 percent.
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