Switzerland Logs Weaker Growth, Trims 2026 Outlook

RTTNews | 6g 2 minut temu

(RTTNews) - The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday.

Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

Industrial value added and exports declined sharply, while the service sector supported broad based growth in the second quarter, the SECO said.

On a yearly basis, economic growth eased to 1.6 percent from 2.0 percent in the first quarter.

Due to higher U.S. tariffs, Switzerland's economy is likely to expand more slowly than previously estimated, particularly in 2026.

The government downgraded its growth outlook for this year to 1.2 percent from 1.3 percent. The projection for next year was trimmed to 0.8 percent from 1.2 percent.

Data showed that manufacturing shrank 2.4 percent as there was a substantial 2.7 percent drop in exports in the second quarter.

Following strong growth in the previous quarter, imports decreased 3.7 percent.

Private consumption gained 0.3 percent and government spending grew more strongly by 0.9 percent.

By contrast, construction investment edged down 0.1 percent, as did value added in the construction sector by 0.4 percent. Investments in equipment declined 0.8 percent.

The biggest declines occurred in frequently volatile areas that are not immediately sensitive to cyclical changes, such as aircraft and research and development, the SECO added.

Tagi: CHF

Swiss Central Bank Lowers Policy Rate To Zero As Expected

The Swiss National Bank reduced its policy rate to zero on Thursday as inflation turned negative and the currency strengthened further amid global trade tensions. The bank decided to lower the SNB policy rate by 0.25 percentage points to zero percent. This was the sixth consecutive reduction. The bank has reduced the key rate by 175 basis points since March 2024.

RTTNews | 70 dni temu

Swiss GDP Growth Accelerates In Q1

Switzerland's economic growth accelerated in the first quarter on a notable rebound in exports to the US ahead of the increase in trade tariffs, official data revealed on Monday. Gross domestic product expanded by adjusted 0.8 percent sequentially after rising 0.6 percent in the fourth quarter of 2024, the State Secretariat for Economic Affairs, or SECO, reported.

RTTNews | 87 dni temu

Swiss Central Bank Cuts Policy Rate To Lowest Since 2022

The Swiss National Bank trimmed its interest rate for the fifth consecutive meeting on Thursday, amid heightened downside risks to inflation. The policy board, led by President Martin Schlegel, lowered the policy rate by 25 basis points to 0.25 percent from 0.50 percent. This followed a 50 basis point cut in December. The bank has reduced the key rate by 150 basis points since March 2024.

RTTNews | 161 dni temu

Swiss GDP Growth Improves In Q4

Switzerland's economic growth improved more than estimated in the fourth quarter on consumption and exports, official data revealed on Thursday. GDP grew 0.5 percent from the previous quarter, following a 0.2 percent rise in the third quarter, the State Secretariat for Economic Affairs, or SECO. The fourth quarter growth marginally exceeded the flash estimate of 0.4 percent.

RTTNews | 182 dni temu

Swiss Franc Slides As European Shares Traded Higher

The Swiss franc weakened against other major currencies in the European session on Monday, as the European stocks traded higher heading into a holiday-shortened week.

RTTNews | 248 dni temu

Swiss Central Bank Cuts Policy Rate By 50 Bps

Amid easing inflationary pressures, the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent from 1.00 percent. The new rate takes effect on December 13.

RTTNews | 259 dni temu

Swiss Central Bank Trims Policy Rate; Hints At Further Cuts

The Swiss National Bank reduced its key policy rate by 25 basis points for the third straight meeting and signaled additional easing as the franc's strength had lowered inflationary pressure. At the final rate-setting meeting of Thomas Jordan as chairman, the policy board lowered the policy rate to 1.0 percent from 1.25 percent, as expected.

RTTNews | 336 dni temu

Swiss GDP Growth Accelerates As Estimated

Switzerland's economic growth accelerated in the second quarter as initially estimated on strengthening manufacturing and services output, data from the State Secretariat for Economic Affairs, or SECO, showed on Tuesday. Gross domestic product grew 0.5 percent sequentially after posting 0.3 percent growth in the previous two quarters. The rate came in line with the flash estimate.

RTTNews | 359 dni temu

EURUSD	1.16862	GBPUSD	1.35151	AUDUSD	0.65343
USDJPY	146.841	USDCAD	1.37428	USDCHF	0.80126