Swiss GDP grew 1.7% qoq in Q3, following 1.8% qoq rise in Q2. Looking at some details, private consumption rose 2.7%. Government consumption dropped -1.5%. Equipment and software investment dropped 1.3%. Construction investment rose 0.1%. Exports of goods excluding valuables rose 2.3%. Exports of services dropped -2.2%. Import of goods rose 3.2%. Imports of services rose 2.9%.
The FSO said, “Value added grew markedly in the affected service sectors as a result of the further relaxation GDP was more than 1% higher in the third quarter than the pre-crisis level seen in the fourth quarter of 2019.
