Raymond Van der Putten remarked on Friday that as expected, National Statistics has revised slightly downwards Q3 GDP growth to 0.7%. Services were again the fastest growing sector, he remarked. On the expenditure side, Van der Putten noted that investment rebounded by 1.6% in Q3, after a -0.9 decline in the previous quarter.
More: [...]
Mathieu Kaiser from BNP Paribas remarked on Friday that in October, sales of manufactured goods declined by 1.1% m/m, the largest fall since September 2006. This was the second consecutive monthly decline, he noted, as purchases had already dropped in September (-0.3% versus +0.1% m/m initially released).
More: continued here
The Swiss currency fell slightly against its American counterpart in trading on Friday. The decline brought the franc to a mark of 1.1025 versus the buck as trading progressed in the early hours, and held near that mark into the mid morning. On the whole, the franc is at a multi-year high against its [...]