According to the latest data from the Swiss State Secretariat for Economic Affairs, the Swiss economy grew by 0% quarter-on-quarter in the fourth quarter of 2023..3%。

This growth rate matched the previous quarter and beat analysts' expectations of 0.1% expansion。

The country's manufacturing sector posted 0 in the fourth quarter.1% contraction, chemical and pharmaceutical industry exports fell 2.3%。

On the other hand, the Swiss energy sector grew by 4.3%, thanks to the support of hydropower facilities。

Swiss accommodation and catering services up 3 in fourth quarter.5 per cent, while health and social care services increased by 1.4%。

The financial services industry grew by 1 in the fourth quarter of 2023..0%, thanks to strong support from commission business。

Private consumption was slightly below average, while investment in equipment and construction fell.。

In terms of annual data, Swiss GDP grew by 0% in the fourth quarter..6%, compared with the third quarter of the revised data of 0.4% increase。

According to the data, throughout 2023, the Swiss economy expanded by 0.8%。

On the day, the USD / CHF currency pair was essentially flat, trading at 0.8786。

In summary, the Swiss economy performed solidly in the fourth quarter, especially in the energy and services sectors, while the manufacturing sector faced the challenge of declining exports.。In addition, the growth of the financial services sector has supported economic growth.。In the future, the Swiss government and relevant stakeholders may need to pay close attention to private consumption and investment in order to promote sustainable economic growth.。