Latest data released by the Federal Statistics Office - 5 August 2019
- Prior -1.7%; revised to -1.1%
Some good news for the Swiss economy as consumption activity rebounded in June, rising by 1.5% m/m as well. The upward revision to May also helps make the report a bit better but it doesn't take away from the fact that the economy remains in a sluggish state in Q2 - similar to what we're seeing in the euro area.