Arab Today, arab today swiss economic output up 02 in second quarter
Last Updated : GMT 03:37:32
Arab Today, arab today
Arab Today, arab today

Swiss economic output up 0.2% in second quarter

Arab Today, arab today

Arab Today, arab today Swiss economic output up 0.2% in second quarter

Swiss economy
Geneva - XINHUA

The Swiss State Secretariat for Economic Affairs (SECO) indicated Friday that Switzerland's real gross domestic product (GDP) increased by 0.2 percent in this year's second quarter relative to the first three months of 2015.

Figures show that because imports fell more than exports, the balance in trade in goods had a positive impact on GDP growth, while the balance of trade in services had a negative one.

SECO reported that consumer spending together with government investment helped redress Switzerland's economy which many had expected to enter technical recession (two consecutive quarters of negative economic growth) after the 0.2 percent GDP contraction in Q1 2015.

According to figures, both investments in capital goods and investments in the construction sector rose by 1.5 and 0.1 percent respectively in this year's second quarter after having decreased in the first.

Similarly, exports of goods witnessed a 0.5 percent rise compared to first quarter figures, as the watch making, jewelry, precision instruments and chemical and pharmaceutical industries made positive contributions to the confederation's economic output.

At the other end of the spectrum, imports of good registered a 3.6 percent decline, with SECO indicating that such a large decrease recorded over one quarter is uncommon.

Statistics show that compared to Q2 2014 GDP results, this year's economic output over the same period has grown by 1.2 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today swiss economic output up 02 in second quarter Arab Today, arab today swiss economic output up 02 in second quarter

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today swiss economic output up 02 in second quarter Arab Today, arab today swiss economic output up 02 in second quarter

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday