Trade Balance in Switzerland

Switzerland Trade Balance | Economic News & Forecasts

Switzerland - Trade Balance

The latest data suggests the economy has been fairly subdued so far in Q2. In April, the manufacturing PMI deteriorated, likely owing to weak demand from the Eurozone, while the KOF economic barometer moved further below the long-run average. In more positive news from the same month, the services PMI surged, driven by increased client demand, while the unemployment rate was at the joint-lowest level since July 2008. This follows what should have been a fairly robust Q1 expansion. Industrial production was solid in Q1 and the services PMI was strong. Moreover, business confidence edged higher, which likely bodes well for fixed investment. That being said, retail sales ebbed and consumer confidence abated somewhat. In mid-May, the electorate approved a corporate-tax overhaul to ensure Switzerland remains a low tax domicile, while also satisfying international regulations. This will support economic competitiveness going forward.

Switzerland - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)36.3  35.6  36.8  32.8  29.7  

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Switzerland Trade Balance Chart

Switzerland Trade
Note: Trade balance (in USD bn).
Source: Swiss Federal Statistics Office (BFS).

Switzerland Facts

Bond Yield-0.556.27 %Jun 13
Exchange Rate0.99-0.54 %Jun 13
Stock Market9,862-0.82 %Jun 13

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