Latest data released by SECO - 28 February 2019
- Prior -0.2%; revised to -0.3%
- GDP +1.4% vs +1.7% y/y expected
- Prior +2.4%
A slightly softer read than expected with a lower revision to the third-quarter as well. But I guess the positive takeaway is that the Swiss economy did not encounter a technical recession at the end of last year and that will at least comfort the SNB a little.
