Switzerland CHF

Switzerland GDP Growth Rate YoY

Impact:
High

Latest Release:

Date:
Surprise:
-0.1%
| CHF
Actual:
1.5%
Forecast: 1.6%
Previous/Revision:
1.9%
Period: Q4

Next Release:

Date:
Forecast: 1.5%
Period: Q1
What Does It Measure?
The GDP Growth Rate YoY (Year-over-Year) for Switzerland measures the annual percentage change in the gross domestic product, indicating the overall economic health and performance of the country. This indicator primarily assesses the production of goods and services, employment levels, and inflation, reflecting the key components of economic activity and growth.
Frequency
The GDP Growth Rate is released quarterly, with initial estimates typically made available approximately 45 days after the end of the respective quarter.
Why Do Traders Care?
Traders closely watch the GDP Growth Rate as it signals the economic momentum of Switzerland, influencing their forecasts and trading strategies for key assets such as the Swiss Franc (CHF), equities, and bonds. Unexpectedly high growth can bolster the currency and stock markets, while lower-than-anticipated results may lead to bearish sentiment among investors.
What Is It Derived From?
This indicator is derived from a comprehensive aggregation of various economic activities, including consumption, investment, government spending, and net exports. The calculation often involves national accounts data reported by government agencies, ensuring a broad representation of economic performance across sectors.
Description
The GDP Growth Rate YoY is a key economic indicator that compares the GDP of the current year with that of the previous year, effectively smoothing out seasonal fluctuations and providing a clearer view of long-term growth trends. It serves as a coincident economic measure, reflecting current economic activity and its alignment with historical trends.
Additional Notes
As a leading economic indicator, the GDP Growth Rate can significantly impact monetary policy decisions and market trends globally. It is often compared with other indicators such as unemployment rates and inflation figures to provide greater context on economic performance and future expectations.
Bullish or Bearish for Currency and Stocks
Assuming a higher-than-expected GDP Growth Rate: Higher than expected: Bullish for CHF, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.5%
1.6%
1.9%
-0.1%
2%
1.8%
1.5%
0.2%
1.8%
0.9%
0.6%
0.9%
0.6%
0.6%
0.5%
0.6%
0.7%
0.4%
-0.1%
0.3%
0.5%
0.3%
-0.2%
0.5%
0.5%
1.5%
0.6%
0.6%
0.7%
0.7%
0.5%
0.9%
0.2%
0.5%
1%
2.2%
-0.5%
2.8%
3%
4.7%
-0.2%
4.4%
4.3%
3.6%
0.1%
3.7%
3.7%
3.8%
4.1%
3.2%
8.6%
0.9%
7.7%
9%
-0.7%
-1.3%
-0.5%
-0.2%
-1.6%
-0.3%
-1.6%
-2.1%
-1.4%
0.5%
-1.6%
-3.3%
-7.8%
1.7%
-9.3%
-9.6%
-0.7%
0.3%
-1.3%
-0.9%
1.6%
-0.4%
1.5%
1.3%
1.1%
0.2%
1.1%
0.8%
0.2%
0.3%
0.2%
0.9%
1%
-0.7%
1.7%
1%
1.5%
0.7%
1.4%
1.7%
2.4%
-0.3%
2.4%
2.9%
3.5%
-0.5%
3.4%
2.4%
2.9%
1%
2.2%
2.3%
1.9%
-0.1%
1.9%
1.8%
1.2%
0.1%
1.2%
0.7%
0.5%
0.5%
0.3%
1.1%
0.6%
-0.8%
1.1%
1.3%
0.7%
-0.2%
0.6%
1.3%
1.4%
-0.7%
1.3%
1.8%
2%
-0.5%
2%
0.9%
1.1%
1.1%
0.7%
0.8%
0.3%
-0.1%
0.4%
0.1%
0.8%
0.3%
0.8%
0.9%
0.9%
-0.1%
1.2%
0.9%
1.2%
0.3%
1.1%
1.5%
1.9%
-0.4%