Current Account in Switzerland
Switzerland - Current AccountAlthough GDP data for Q3 is not yet available, the economy appeared to maintain healthy growth momentum in the quarter. The manufacturing and services PMIs averaged comfortably within positive territory amid robust expansions in output and new orders, while the KOF Economic Barometer was well above its long-term average, despite falling relative to Q2. Moreover, the unemployment rate averaged notably lower in Q3 than in Q2, which should have aided consumer spending. Turning to Q4, available signs suggest that the economy is losing steam, with the manufacturing PMI, services PMI and KOF Economic Barometer moving lower in October amid supply constraints and higher input prices. In addition, Covid-19 cases are surging, which could potentially lead to tighter restrictions ahead.
Switzerland - Current Account Data
|Current Account (% of GDP)||11.3||9.9||6.4||8.2||12.2|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Current Account Chart
Source: Swiss National Bank and FocusEconomics calculations.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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December 2, 2021
Retail sales increased 1.2% year-on-year in calendar-adjusted terms in October (September: +2.6% c.a.
December 1, 2021
Consumer prices increased 0.04% in November over the previous month, moderating from October's 0.30% increase.
December 1, 2021
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) fell to 62.5 in November from October's 65.4.
November 30, 2021
The KOF Economic Barometer came in at 108.5 in November, down from October's 110.2.
November 26, 2021
Economic growth ebbed slightly in the third quarter, with GDP increasing 1.7% on a seasonally-adjusted quarter-on-quarter basis (Q2: +1.8% s.a.