Swiss Economy Picks Up Slightly in Q1 2024, Outlook Improving

• Swiss economy likely performed slightly better in Q1 2024 than prior quarters • Many economic indicators suggest activity was more dynamic in Q1 • Swiss economy grew 0.3% quarter-on-quarter in Q4 2023 • Moderate economic growth in Q1 driven by service sector, manufacturing stagnant • Business outlook improving with services expecting continued growth and manufacturing forecasting higher sales