Latest data released by the Federal Statistics Office - 22 November 2018
- Prior +8.3%; revised to 8.9%
- Industry and construction output WDA +1.1%
- Prior +7.6%; revised to 7.9%
That's a bit of a miss there relative to expectations. But it's not a major release by any means. The Swiss economy relies 3/4 on services so industry is very much a minor contributor to growth. Nonetheless, slowing factory activity appears to be a symptom in Europe of the ongoing global trade tensions.
