Switzerland's Q3 GDP likely to be 0.2%(qoq)

Switzerland's Q3 GDP quarter on quarter basis is expected to be at 0.2% by the market consensus, being unchanged from its previous quarter's GDP of 0.2%.

For the previous quarter, the GDP was forecasted at -0.1% by the consensus, which came way above than the expectations. Balance of Trade in goods contributed positively to the GDP growth because of the fall in imports, more than the exports.

Balance of Trade in services stood as a draw back in Q2, consumption expenditure by private households and government investments supported GDP growth in the second quarter.