New data GDP Growth Rate YoY (Q3)
11/29/2024
actual 2, previous 1.5
The event is the GDP Growth Rate Year-on-Year (Q3) for Switzerland, scheduled for November 29, 2024, at 08:00 (GMT). The actual GDP growth rate is reported at 2%, which is higher than the previous value of 1.5%. The market consensus estimate was 1.8%, so the actual figure has exceeded expectations.This economic indicator provides insight into the health and performance of the Swiss economy. A higher GDP growth rate is generally seen as positive for the currency (CHF) as it indicates economic expansion.
Given the medium impact of this event, it could potentially influence market sentiment and trading activity involving the Swiss Franc. Traders and investors may react to this data by adjusting their positions in CHF-related assets.
This is not investment advice. Remember to verify the information provided here.
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