Latest data released by SECO - 28 May 2019
- Prior (Q4) +0.2%; revised to +0.3%
- GDP +1.7% vs +1.0% y/y expected
- Prior +1.4%; revised to +1.5%
Stronger-than-expected figures here as the Swiss economy improves notably on investment and consumption, and that's also reflective of the decent upswing in the euro area region in Q1 this year. Nonetheless, global growth concerns will still be present and the outlook still isn't all too bright just yet so that will continue to keep the SNB on the cautious side in the months to come (remember, they can't act before the ECB does).
