FOREX TradingCharts.com

Financial News: Swiss Q4 Current Account Surplus Grows

Swiss Q4 Current Account Surplus Grows

03/24/2017 - 06:47:00 (RTTNews)

(RTTNews) - Swiss current account surplus increased in the fourth quarter from a year ago, figures from the Swiss National Bank showed Friday.

The current account surplus climbed to CHF 22.0 billion in the three months to December from CHF 16.9 billion in the same period of the previous year. In the third quarter, the surplus was CHF 20.6 billion.

The surplus on goods trade grew to CHF 15.7 billion in the fourth quarter from CHF 13.2 billion last year. Similarly, the services trade surplus rose from CHF 4.1 billion from CHF 4.5 billion.

At the same time, the primary income surplus shrank to CHF 2.8 billion from CHF 3.5 billion. On the other side, the secondary income deficit narrowed to CHF 1.2 billion from CHF 4.0 billion.

The capital account balance showed shortfall of CHF 39 million in the December quarter versus a deficit of CHF 92 million a year earlier. Meanwhile, the financial account surplus increased to CHF 18.5 billion from CHF 10.3 billion.

In 2016, the current account surplus amounted to CHF 70 billion, which was CHF 5 billion less than in 2015. The decline was largely attributable to primary income, where the receipts surplus was down by CHF 10 billion to CHF 8 billion, the bank said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Q1 Import Prices Rise Unexpectedly (57 min(s), 46 sec(s) ago)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story»

BoJ Keeps Monetary Policy Unchanged (31 min(s), 14 sec(s) ago)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story»

South Korea Q1 GDP Jumps 0.9% On Quarter (22 min(s), 14 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story»

South Korea GDP Climbs 0.9% In Q1 (52 min(s), 14 sec(s) ago)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story»

Cashless Society Possible, Closer - Survey (28 min(s), 14 sec(s) ago)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story»

Draghi To Maintain Status Quo Ahead Of French Election Runoff (32 min(s), 14 sec(s) ago)
(RTTNews) - While the brightening prospects of the euro area economy and the win of a pro-EU candi ...Full Story»

German Govt Lifts 2017 Growth Outlook (52 min(s), 14 sec(s) ago)
(RTTNews) - Germany's economy is likely to expand more than previously projected in 2017, the ...Full Story»

Turkey Central Bank Lifts Liquidity Rate (36 min(s), 14 sec(s) ago)
(RTTNews) - Turkey's central bank decided to raise one of its lending rates by 50 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Q1 Import Prices Rise Unexpectedly

04/27/2017 - 00:25 AM (RTTNews)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story>>

BoJ Keeps Monetary Policy Unchanged

04/26/2017 - 23:54 PM (RTTNews)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story>>

South Korea Q1 GDP Jumps 0.9% On Quarter

04/26/2017 - 19:45 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story>>

South Korea GDP Climbs 0.9% In Q1

04/26/2017 - 19:15 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story>>

Cashless Society Possible, Closer - Survey

04/26/2017 - 10:51 AM (RTTNews)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.