FOREX TradingCharts.com

Financial News: Swiss Q4 GDP Growth Eases On Weaker Exports

Swiss Q4 GDP Growth Eases On Weaker Exports

03/03/2020 - 03:11:00 (RTTNews)

(RTTNews) - Switzerland's economic growth eased in the fourth quarter of 2019 as exports lost momentum, data from the State Secretariat for Economic Affairs, or SECO, showed on Tuesday.

Gross domestic product grew 0.3 percent sequentially in the fourth quarter after expanding 0.4 percent a quarter ago. However, this was faster than the expected growth of 0.2 percent.

Meanwhile, on a yearly basis, economic growth improved to 1.5 percent from 1.1 percent in the third quarter. Economists had forecast an expansion of 1.3 percent.

The expenditure-side breakdown of GDP showed that economic growth was underpinned by domestic demand.

Household consumption advanced 0.4 percent and government spending increased 0.5 percent in the fourth quarter.

Investment in equipment climbed 2.4 percent thanks to investments in aircraft, which are generally highly volatile. Investment in construction rose 0.4 percent and by 0.9 percent in construction.

Meanwhile, exports of goods decreased 0.5 percent and imports of goods were down substantially by 2.7 percent. At the same time, exports of services gained 0.8 percent, while that of services declined 1.8 percent.

On the production-side, the manufacturing sector stagnated after four quarters of above-average growth as global headwinds hit cyclically sensitive sectors such as machinery and metals.

Construction grew 0.9 percent and trade expanded 1.2 percent. Finance and insurance gained 0.1 percent and business services grew 0.2 percent.

In 2019, the economy expanded 0.9 percent versus 2.8 percent growth in 2018. The annual expansion was driven by manufacturing and service sectors.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


S&P Lowers Australia's Rating Outlook To Negative (20 min(s), 33 sec(s) ago)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story»

Philippine Trade Deficit Narrows In February (17 min(s), 33 sec(s) ago)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story»

Japan Feb. Core Machine Orders Climb 2.3% (49 min(s), 33 sec(s) ago)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story»

Japan Has Y3,168.8 Billion Current Account Surplus In February (24 min(s), 33 sec(s) ago)
(RTTNews) - Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry o ...Full Story»

Japan Core Machine Orders Rise 2.3% In February (14 min(s), 33 sec(s) ago)
(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 2.3 percent on month in Feb ...Full Story»

Japan Core Machine Order Data Due On Wednesday (04 min(s), 33 sec(s) ago)
(RTTNews) - Japan will on Wednesday release February figures for core machine orders and current a ...Full Story»

U.S. Consumer Credit Jumps More Than Expected In February (28 min(s), 33 sec(s) ago)
(RTTNews) - Consumer credit in the U.S. jumped much more than expected in the month of February, a ...Full Story»

UK Labor Productivity Rises In Q4 (50 min(s), 33 sec(s) ago)
(RTTNews) - UK labor productivity increased for the second straight time in the fourth quarter of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

S&P Lowers Australia's Rating Outlook To Negative

04/07/2020 - 23:16 PM (RTTNews)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story>>

Philippine Trade Deficit Narrows In February

04/07/2020 - 23:13 PM (RTTNews)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story>>

Japan Feb. Core Machine Orders Climb 2.3%

04/07/2020 - 20:45 PM (RTTNews)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story>>

Japan Has Y3,168.8 Billion Current Account Surplus In February

04/07/2020 - 20:20 PM (RTTNews)
(RTTNews) - Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry o ...Full Story>>

Japan Core Machine Orders Rise 2.3% In February

04/07/2020 - 20:10 PM (RTTNews)
(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 2.3 percent on month in Feb ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.