Switzerland’s first-quarter GDP rose 0.7% quarter-on-quarter, exceeding the 0.6% consensus estimate and revised prior of 0.2%.
Switzerland’s economy expanded 0.7% in the first quarter from the previous three months, outpacing the 0.6% growth forecast by economists. The print also marked an upward revision from the initial 0.1% reading for the prior quarter, now adjusted to 0.2%.
The stronger-than-expected growth follows a period of subdued economic activity, with the revised prior quarter figure suggesting a modest recovery. Analysts had anticipated a slight pickup, but the 0.7% print signals resilience amid global economic headwinds.
Markets are monitoring the data for potential implications on the Swiss National Bank’s monetary policy, though no immediate reaction was reported.