Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

Available data paints a mixed picture for the economy in the third quarter. Promisingly, the KOF economic barometer recovered notably in July. However, the manufacturing PMI plummeted to a one-decade low in the same month, while the services PMI dipped into contractionary territory. Moreover, consumers remained very pessimistic about their financial situation in Q3, suggesting household spending could be more subdued. This follows what was likely cooler growth in Q2, amid the downturn in the Eurozone and slowing global trade. In politics, despite the EU’s removal of Switzerland’s stock-exchange equivalence on 1 July, which allowed the trading of Swiss shares in the bloc, volumes in the SIX Swiss stock exchange surged in July. This suggests that the Swiss safeguard measures averted a major disruption in transactions and trading could even weather a prolonged trade dispute between the EU and Switzerland.

Switzerland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)11.6  8.4  11.2  9.4  6.7  

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Switzerland Current Account Chart

Switzerland Current Account
Note: Current account balance as % of GDP.
Source: Swiss National Bank and FocusEconomics calculations.

Switzerland Facts

Bond Yield-1.046.27 %Sep 04
Exchange Rate0.98-0.54 %Sep 04
Stock Market9,895-0.82 %Sep 04

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