Current Account in Switzerland
Switzerland - Current Account
Although 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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 11.3 | 9.9 | 6.4 | 8.2 | 12.2 |
Switzerland Current Account Chart
Source: Swiss National Bank and FocusEconomics calculations.
Switzerland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.51 | 6.27 % | Jan 01 |
| Exchange Rate | 0.97 | -0.54 % | Jan 01 |
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Economic News
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Switzerland: Retail sales growth slows in October
December 2, 2021
Retail sales increased 1.2% year-on-year in calendar-adjusted terms in October (September: +2.6% c.a.
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Switzerland: Inflation comes in at highest level since November 2008 in November
December 1, 2021
Consumer prices increased 0.04% in November over the previous month, moderating from October's 0.30% increase.
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Switzerland: Manufacturing and Services PMIs moderate in November
December 1, 2021
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) fell to 62.5 in November from October's 65.4.
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Switzerland: KOF Economic Barometer records worst reading since February in November
November 30, 2021
The KOF Economic Barometer came in at 108.5 in November, down from October's 110.2.
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Switzerland: Economic growth eases in the third quarter
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.
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