Swiss Current Account Surplus Rises In Q3

(RTTNews) - Switzerland's current account surplus bulged in the July to September period, led by higher labor and investment income.

The Swiss National Bank said the surplus rose to 21.2 billion francs from 19 billion francs in the June quarter.
The increase was mainly due to a doubling in the income account surplus to 9.3 billion francs.
That was partly reversed by the goods account surplus falling to 4.1 billion francs from 4.7 billion francs, while the services account surplus also edged lower to 11.2 billion francs.
Meanwhile, the shortfall in the current transfers account climbed to 3.4 billion francs in the September quarter from 2.9 billion francs in the preceding three months.