Swiss economic growth progressed slightly last year, according to the Federal Statistical Office (FSO) press release on the national accounts, published on 28 August. Gross domestic product (GDP) rose by 1.4%, compared with 1.2% in 2015, while the value added of non-financial services increased significantly (+2.3%). Exports also showed signs of dynamism. The balance of goods and services rose by 11.3% last year. The recovery was also positively confirmed for the Swiss machinery, electrical equipment and metals (MEM) industry. Its revenues rose by 6.2% compared with the first six months of 2016. The rebound shown in the first half of 2017 represents the second-strongest half-yearly expansion in ten years.
