Trade Balance in Switzerland
Switzerland - Trade BalanceThe economy likely remained stuck in a low gear in the third quarter. Manufacturing production contracted, restrained by a languishing German industrial sector. Moreover, service sector activity moderated in the quarter according to the industry-specific PMI. On the upside, household spending should have remained strong thanks to a rock-solid labor market and the wealth effect from a strong franc, while merchandise exports strengthened in Q3 despite the currency appreciation. Turning to Q4, the economy appears poised to improve slightly. The downturn in the manufacturing sector softened in October, with the PMI rising to a seven-month high, although it remained in contractionary territory. Moreover, the leading KOF indicator rose marginally in the same month, but continued to signal below-average growth in the months ahead.
Switzerland - Trade Balance Data
|Trade Balance (USD billion)||36.3||35.6||36.8||32.8||29.7|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Trade Balance Chart
Source: Swiss Federal Statistics Office (BFS).
|Bond Yield||-0.56||6.27 %||Nov 21|
|Exchange Rate||0.99||-0.54 %||Nov 21|
|Stock Market||10,338||-0.82 %||Nov 21|
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December 3, 2019
Consumer prices fell by 0.1% in November, following a 0.2% dip in October.
December 2, 2019
Calendar-adjusted real retail sales rose 0.7% in annual terms in October, down from October’s upwardly revised 1.6% increase (previously reported: +0.9% year-on-year).
November 29, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy, which forecasts a six-month period—fell to 93.0 points in November from October’s revised 94.8 (previously reported: 94.7), which marked the worst result since April 2015.
November 28, 2019
The economy grew 0.4% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, accelerating from the 0.3% expansion in the second quarter.
Switzerland: Consumer sentiment sours in the August–October period on deteriorating economic outlook
November 4, 2019
Swiss households turned more pessimistic in the August–October period, with the index prepared by the State Secretariat for Economic Affairs (SECO) declining to minus 10 points from 8 points in May–July.