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28.08.2015 09:49 Switzerland's GDP rises 0.2% in the second quarter

The State Secretariat for Economic Affairs (SECO) released its gross domestic product (GDP) data for Switzerland on Friday. Switzerland's GDP increased 0.2% in the second quarter, beating expectations for a 0.1% fall, after a 0.2% decline in the first quarter.



The increase was driven by higher exports.



Exports of goods climbed 0.5% in the first quarter, while exports of services increased 0.9%.



Imports of goods dropped 3.6% in the second quarter, while imports of services were up 3.0%.



Household spending climbed to 0.3% in the second quarter, government spending was up 0.2%, equipment and software spending rose 1.5%, while construction spending increased 0.1%.



On a yearly basis, Switzerland's economy grew at 1.2% in the first quarter, exceeding expectations for a 0.9% rise, after a 1.2% increase in the first quarter. The first quarter's figure was revised up from a 1.1% gain.

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