SECO – Gross domestic product in 2nd quarter 2014 in accordance with the ESA 2010 September 30, 2014 at 05:09AM

A new ordinance on Measure against by SECO – Gross domestic product in 2nd quarter 2014 in accordance with the ESA 2010
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SECO – Gross domestic product in 2nd quarter 2014 in accordance with the ESA 2010
Bern, 30.09.2014 – The quarterly GDP data is being published here for the first time in accordance with the European System of National Accounts (ESA) 2010. New annual and quarterly data has been calculated by the Swiss Federal Statistical Office and the SECO since 1995*. As a result, this gives rise to new GDP quarterly estimates for the recent past as well. Under the previous ESA 95 regime the data published on the 02.09 showed a stagnation in GDP for the 2nd quarter 2014 compared with the previous quarter (0.0%) as well as growth of 0.6%** by comparison with the previous year. After the revision to ESA 2010, GDP for the 2nd quarter 2014 now shows growth of 0.2% compared with the previous quarter and respectively 1.4% compared with the same quarter in the previous year. The key factor in this context is the slightly higher positive impetus to growth from the revised trade balance in goods and services. The weakening of internal demand during the 2nd quarter, already published under the regime of ESA 95, remains unchanged after revision.
State Secretariat for Economic Affairs

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