Swiss Economy Rebounded in Third Quarter Amid Pickup in Services
- GDP expanded 0.3%, second quarter revised to contraction
- Increased interest rates weigh on exports, producers say
Shoppers on a retail street in Zurich.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
Switzerland’s economy rebounded in the third quarter as growth in services made up for a lackluster showing in manufacturing.
Gross domestic product, adjusted for large sports events, increased 0.3% in the three months through September, according to data published on Friday. Revised numbers showed that it had contracted 0.1% in the previous period, rather than stalling as initially reported.