December 21, 2016 / 8:17 AM / 7 months ago

Swiss Q3 current account surplus narrows to 21 bln Sfr

1 Min Read

ZURICH, Dec 21 (Reuters) - Switzerland's third-quarter current account surplus narrowed by 2 billion Swiss francs ($1.95 billion) to 21 billion as reduced receipts from labour and investment income offset a higher surplus from trade in goods, data from the Swiss National Bank showed on Wednesday.

The financial account balance -- the increase in the net international investment position resulting from cross-border investment -- rose by 8 billion francs from the year-ago period to 39 billion.

The net international investment position increased by 25 billion francs to 799 billion as foreign assets advanced more strongly than foreign liabilities.

$1 = 1.0275 Swiss francs Reporting by Zurich newsroom

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below