Current Account in Switzerland
Switzerland - Current AccountWhile national accounts data for 2018 is still outstanding, the economy seems to have been growing at a healthy pace so far this year. The unemployment rate has steadily declined, reaching a new multi-year low in April. The external sector benefitted from a weaker local currency against the euro in January–March; exports soared at a double-digit rate in the same period. Survey-based data from the start of the second quarter is encouraging, with both the KOF Economic Barometer and the manufacturing PMI edging slightly higher after choppy readings in the first quarter. On the political scene, Switzerland is holding a referendum on 11 June, in which voters will decide on whether to change the country’s monetary system by introducing a sovereign money system and end fractional reserve banking by the Central Bank. While the latest opinion polls show that the “no” camp is comfortably leading, an electoral upset could unsettle the country’s financial and banking system.
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||0.0||6.27 %||Jun 14|
|Exchange Rate||1.00||-0.54 %||Jun 14|
|Stock Market||8,691||-0.82 %||Jun 14|
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May 31, 2018
The economy of Switzerland started the year on strong footing.
May 30, 2018
In May, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—dropped from a revised 113.3 points in April (previously reported: 115.3 points) to the series’ long-run average of 110 points in May.
May 25, 2018
The Swiss electorate will vote on 11 June on a radical proposal, known as the sovereign money initiative (Vollgeld), to overhaul the country’s banking and monetary systems.
May 7, 2018
Consumer prices rose 0.2% on a month-on-month basis in April, coming in slightly below March’s 0.4% increase.
May 2, 2018
In March, calendar-adjusted real retail sales contracted 1.8% from the same month a year prior, the largest contraction since December 2016 and coming in well below the 0.2% fall recorded in February.