Switzerland Q1 industrial output WDA +9.0% vs +8.7% y/y prior
Latest data released by the Federal Statistics Office - 13 June 2018
- Prior +8.7%; revised to +9.9%
- Industry and construction output WDA +8.1% y/y
- Prior +8.5%; revised to +9.6%
Solid figures again, with even stronger revisions. While other European economies seem to be stuttering, the Swiss economy looks to be moving along quite nicely.
That should give more confidence to the SNB as they look towards normalising policy next year. The only real headache for them remains the "highly valued" swissie.