Gross domestic product in the 1st quarter 2017
Bern, 1.6.2017 - Switzerland’s real gross domestic product (GDP) grew by 0.3 % in the first quarter of 2017*. Private consumption growth expanded only slightly, while government consumption rose moderately. Following the previous quarter’s fall, investment in construction and equipment increased. The trade balance contributed notably to overall GDP growth. On the production side, growth was largely driven by manufacturing, while service sector performance varied widely. Value added rose in healthcare and social work activities, but dropped in retail services, in financial services and in certain other service sectors. The GDP deflator experienced a year-on-year increase for the first time in 13 quarters.