The Swiss economy once again posted a high current account surplus in the second quarter of 2024. From April to June, Switzerland took in CHF20 billion more than it spent. + Get the most important news from Switzerland in your inbox The surplus was therefore almost CHF6 billion higher than in the same quarter of the previous year, according to a statement from the Swiss National Bank (SNB) on Friday. This was primarily due to trade in goods. According to the SNB, traditional trade in goods and trade in gold for non-monetary purposes contributed to the increase in the goods trade balance. By contrast, the surplus in merchanting was lower than in the same quarter of the previous year. + How stock market volatility impacts the Swiss franc The SNB explained that the expenditure surplus in secondary income also contributed to the higher balance. This is because it was lower than in the previous year. Meanwhile, the balances for trade in services and primary income showed no significant ...
