Switzerland's Economy Contracts Less Than Expected In Q2

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Switzerland's real gross domestic product declined 0.3% sequentially in the second quarter, the State Secretariat for Economic Affairs or SECO reported Tuesday. Economists were expecting a decline of 1% after falling 0.9% in the first quarter.

Compared to the same quarter of the prior year, the economy contracted 2% versus first quarter's 2.2% drop. Annual fall was also slower than the expected 3% decrease.

Switzerland's real gross domestic product declined 0.3% sequentially in the second quarter, the State Secretariat for Economic Affairs or SECO reported Tuesday. (Market News Provided by RTTNews)