Index Swiss SMI forecast analysis Closed September 12, 2017

Index Swiss SMI forecast analysis Closed September 12, 2017

Index Swiss SMI forecast increased 67 points or 0.75% to 9049 on Tuesday, September 12 from 8982 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.

Index Swiss SMI forecast analysis Closed September 12, 2017

 

Swiss economy advanced 0.3 percent on quarter in the June quarter of 2017, following a downwardly revised 0.1 percent growth in the previous period while market estimated a a 0.5 percent growth. The expansion was mainly supported by domestic demand while investment growth slowed and net trade contributed negatively to the GDP. 

In the three months to June, household consumption rose 0.2 percent, slightly faster than a 0.1 percent increase in the previous quarter. Spending went up particularly for health care, housing, and energy as well as restaurants and hotels. Meantime, consumption fell for clothing and footwear as well as furniture and interior equipment.



Index Swiss SMI forecast

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Index Swiss SMI forecast increased 67 points or 0.75% to 9049 on Tuesday, September 12 from 8982 in the previous trading session.
Government spending increased by 0.3 percent, following a 0.2 percent rise in the prior quarter.
Investment in equipment and software gained 0.3 percent, much slower than a 1.4 percent increase in Q1 while investment in construction expanded by 0.8 percent, after growing 0.2 percent in the previous period.
Exports of goods rose 0.5 percent, slowing sharply from a 5.7 percent rise in the previous quarter,  mainly supported by sales of precision instruments, watches, and jewelry. On the other hand, exports of services declined by 0.3 percent, after a 9.3 percent drop in the March quarter. Meanwhile, imports jumped by 5.5 percent, swinging from a 0.8 percent fall in the previous period. Purchases increased mainly for chemical and pharmaceutical products.




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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