Current Account in Switzerland
Switzerland - Current Account (billions of U.S. Dollars)The Swiss economy appears to have remained in excellent shape over the second quarter, although recent data indicates a modest deceleration heading into H2 2018. Economic activity was likely supported by a decade-low unemployment rate over the quarter, buttressing private consumption, as well as by a solid performance from the manufacturing sector, with the average PMI reading in the quarter remaining much higher than its long-term average. However, the forward-looking KOF business sentiment indicator’s average reading in Q2 reached a near three-year low, while consumer confidence for Q3 dropped sharply, which indicates a loss of momentum is likely in the third quarter. Capacity utilization constraints in the manufacturing sector also remain a major problem: The July PMI showed both delivery times and input prices continued to rise rapidly, which could limit growth in the sector going forward.
Switzerland - Current Account (USD bn) Data
|Current Account Balance (USD bn)||77.0||60.3||74.2||63.2||66.1|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Current Account (USD bn) Chart
Source: Swiss National Bank and Met the why particular calculations.
|Bond Yield||0.02||6.27 %||Sep 20|
|Exchange Rate||0.96||-0.54 %||Sep 20|
|Stock Market||9,001||-0.82 %||Sep 20|
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Switzerland: Economic growth softens in Q2 due to upward revision of Q1 data, but remains solid nevertheless
September 6, 2018
The economy of Switzerland continued to grow robustly in the second quarter, after having recorded exceptional growth in the first quarter—which was revised significantly upwards to an eight-year high of 1.0% quarter-on-quarter (previously reported: +0.6% quarter-on-quarter).
September 4, 2018
Consumer prices were flat on a month-on-month basis in August, contrasting July’s 0.2% contraction.
September 3, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch leaped from 61.9 points in July to 64.8 points in August.
September 3, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales registered a steep 1.0% contraction in July, after a brief rebound in June which saw sales increase 0.3% (previously reported: +0.5%).
August 29, 2018
In August, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—inched down from a revised 111.7 points in July (previously reported: 111.1 points) to 110.3 points.