Current Account in Switzerland
Switzerland - Current AccountThe economy continued to advance at a strong pace in the second quarter as GDP expanded for the sixth consecutive period on a quarter-on-quarter basis. Nonetheless, economic growth moderated slightly from Q1, chiefly due to weaker fixed investment. On a brighter note, the external sector performed well, with export growth recovering markedly, driven by robust growth in the manufacturing sector and solid international demand. The economy appears to be losing steam in the third quarter. Retail sales contracted in July, indicating private consumption has likely softened. Moreover, the forward-looking KOF business sentiment indicator receded in August. On the flip side, the PMI hit a six-month high in August on surging output, a sign that growth in the manufacturing sector remains buoyant.
Switzerland - Current Account Data
|Current Account (% of GDP)||11.4||8.2||11.6||9.3||9.5|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Current Account Chart
Source: Swiss National Bank and Met the why particular calculations.
|Bond Yield||0.06||6.27 %||Oct 16|
|Exchange Rate||0.99||-0.54 %||Oct 16|
|Stock Market||8,795||-0.82 %||Oct 16|
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October 5, 2018
Consumer prices rose 0.1% over the prior month in September, following a flat print in August.
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch fell to an over one-year low of 59.7 points in September from 64.8 points in August.
October 1, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded to a 0.3% increase in August, swinging from the downwardly revised 1.4 contraction in July (previously reported: -1.0% month-on-month).
September 29, 2018
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—rose to 112.2 points in September from a revised 98.9 points in August (previously reported: 110.3 points).
September 21, 2018
The Swiss National Bank (SNB) maintained the target rate for the three-month Libor at between minus 1.25% and 0.25% at its 21 September meeting.