Switzerland\u2019s economic growth surged in the second quarter according to initial estimates released Friday, shaking off higher energy costs thanks to its chemical and pharmaceutical industries.<\/p>\n
GDP growth reached 1.5 percent after a 0.4 percent rise in the first three months of the year, the economy ministry said, well above analyst estimates of around 0.3 percent.<\/p>\n
\u201cThe industrial sector greatly contributed to growth, driven in particular by the chemical and pharmaceutical industries,\u201d the ministry said in a brief statement.<\/p>\n
\u201cThe services sector also grew as a whole,\u201d it added, ahead of its release of detailed figures on September 3.<\/p>\n
The Swissmem employers\u2019 association recently noted that industrial firms were benefiting from demand for AI data centre equipment.<\/p>\n
And in May, a closely watched survey of purchasing managers saw the index reach its highest level in three years, even with new US tariffs of 12.5 percent impacting exports.<\/p>\n
The Swiss customs office had already announced a 1.7 percent rise in exports in the second quarter, up from 0.3 percent the previous quarter.<\/p>\n
\u201cThe early signs suggest that this momentum will continue into the third quarter,\u201d analyst at Capital Economics said in a research note following the GDP release.<\/p>\n
\u201cWe have pencilled in a 1.0 percent quarter-on-quarter rise in GDP in the third quarter, but these indicators suggest that growth could be even stronger,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"Switzerland\u2019s economic growth surged in the second quarter according to initial estimates released Friday, shaking off higher energy…\n","protected":false},"author":2,"featured_media":115545,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[41,17,4643],"class_list":["post-115544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-swiss","tag-switzerland","tag-uncategorized"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117094633229994787","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=115544"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/115544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/115545"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=115544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=115544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=115544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}