Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

Weakness persisted at the end of the first quarter as seen in the latest economic data. The PMI for both the manufacturing and services sectors fell to multi-year lows in March. Manufacturing was dragged down by a drop in production, which reflected softer demand in the export-oriented sector against the backdrop of a sluggish Euro area and a slowing global economy, while the services sector was likewise hit by a sharp slowdown in business activity growth. Moreover, retail sales fell again in February, indicating soft private consumption in the quarter. Although inflation has been anemic and the labor market is tight, real wage growth has been tepid, which was likely a contributing factor to weak retail sales. On a brighter note, the KOF economic barometer rebounded modestly in March, although it continued to point to a below-average pace of growth in the months ahead.

Switzerland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)11.4  8.2  10.6  9.3  9.5  

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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-0.446.27 %May 13
Exchange Rate1.01-0.54 %May 13
Stock Market9,363-0.82 %May 13

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