Moderate economic growth in Switzerland in the first quarter of 2024

May 30, 2024 Tóth Balázs

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Switzerland’s sports-adjusted GDP grew by 0.3% in the first quarter of 2024. The services sector grew again and private consumption grew solidly. However, industrial production stagnated. Manufacturing value added (-0.2%) fell slightly in the first quarter and chemicals & pharmaceuticals (-0.9%) continued its weak performance of recent quarters. Value added in other industries remained broadly stable.

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Moderate economic growth in Switzerland in the first quarter of 2024

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