Swiss Q1 GDP report 1 June 2016
– +0.4% prev
– yy +0.7% vs +0.9% exp vs +0.3% prev from +0.4%
– household consumption+ 0.7% q/q vs +0.1% q/q prev
– capital and construction investment +2.1% q/q and 1.1% q/
Softer than expected data but CHF unfazed.