Switzerland's GDP Rises Slightly in Q2

In a surprising turn of events, Switzerland's gross domestic product (GDP) experienced a modest increase of 0.1% during the second quarter of the year. This growth, as reported by the State Secretariat for Economic Affairs (SECO) in its preliminary estimates released on Friday, has outperformed the anticipations of market analysts.

Contributing Factors to the Growth

The SECO highlighted that the uptick in GDP was primarily driven by the robust performance of the services sector. However, it was also noted that the industrial sector's struggles had a mitigating effect on the overall growth.

Looking Ahead

With the preliminary figures now public, the SECO has announced that the comprehensive final report detailing the quarter's economic performance will be available in approximately 60 days.