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The Swiss National Bank (SNB) said on Wednesday that the increase was mainly driven by trade in services and goods. A clearly positive surplus, namely CHF 14.7 billion, was achieved in the fourth quarter as well. Both primary income, trade in goods and services contributed to this. In the third quarter, more than 27.7 billion was very high. SNB adjusted figures for previous quarters, in some cases significantly.
Trade in goods, trade in services (tourism, etc.), labor and capital incomes and current transfers are also counted in the current account, in which all income and expenses of an economy are recorded. A high surplus is considered a sign of the strength of an economy. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
