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Home / Tag Archives: 2) Swiss and European Macro

Tag Archives: 2) Swiss and European Macro

Swiss Retail Sales, June 2022: +3.2 percent Nominal and +1.2 percent Real

29.07.2022 – Turnover adjusted for sales days and holidays rose in the retail sector by 3.2% in nominal terms in June 2022 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.1% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 1.2% in June 2022 compared with the previous year. Real growth takes...

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Swiss Trade Balance 2nd quarter 2022: 8th consecutive quarterly increase

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

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Construction expenditure remains at the same level in 2021 for the second time in a row

17.07.2022 – Construction expenditure again remained stable in 2021 compared with the previous year. Investments in civil engineering rose by 1.0% and those in building construction fell by 0.4%. As a result, total investment in construction showed a decline of 0.1%. These are the provisional findings from the Construction Statistics from the Federal Statistical Office (FSO). Percentage change in construction expenditure by type of building and by type of work...

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Swiss Producer and Import Price Index in June 2022: +6.9 percent YoY, +0.3 percent MoM

14.07.2022 – The Producer and Import Price Index rose in June 2022 by 0.3% compared with the previous month, reaching 109.8 points (December 2020 = 100). Petroleum products in particular were more expensive. Compared with June 2021, the price level of the whole range of domestic and imported products rose by 6.9%. These are the results from the Federal Statistical Office (FSO). In particular, higher prices for builders’ and interiors’ joinery as well as petroleum...

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Medical practices played an active part in the vaccination campaign in 2021

05.07.2022 – In 2021, for the second consecutive year, the activity of medical practices was affected by the COVID-19 pandemic. Despite an improved situation compared with 2020, two out of five medical practices experienced reduced activity and one in five had to resort to short-time work. Three out of five primary care practices participated in the vaccination campaign that began at the end of 2020. These are some of the results from the latest survey of structural...

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Almost every sixth person lived in a household with arrears in 2020

04.07.2022 – Vehicle leases and arrears are the most common types of debt in Switzerland. In 2020, 15.5% of the population lived in a household with at least one vehicle lease and 14.9% in a household with at least one arrear in the past 12 months. 6.9% lived in a household with at least three different types of debt. These are some of the findings from the Survey on Income and Living Conditions (SILC) conducted by the Federal Statistical Office (FSO). The results...

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Swiss Consumer Price Index in June 2022: +3.4 percent YoY, +0.5 percent MoM

04.07.2022 – The consumer price index (CPI) increased by 0.5% in June 2022 compared with the previous month, reaching 104.5 points (December 2020 = 100). Inflation was +3.4% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.5% increase compared with the previous month is due to several factors including rising prices for fuel. Heating oil also recorded a price increase, as did fruiting vegetables....

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Swiss Retail Sales, May 2022: 0.0 percent Nominal and -1.6 percent Real

30.06.2022 – Nominal retail trade turnover adjusted for sales days and holidays remained stable in May 2022 compared with the same month of the previous year with a rate of change of 0.0%. Seasonally adjusted, nominal turnover rose by 1.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays fell in the retail sector by 1.6% in May 2022 compared with the...

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International tourism still strongly impacted by the COVID-19 crisis in 2021

The COVID-19 crisis continued to have a major impact on the tourism sector in 2021. After the shock of 2020, there was still no return to the pre-pandemic situation. The number of people travelling remained well below 2019 levels. Revenue (foreign visitors to Switzerland) in the tourism balance increased to CHF 10.1 billion, standing at 43.9% below its 2019 level. At the same time, expenditure (Swiss residents travelling abroad) rose by 13.4% but remained 43% below...

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Construction prices rose by 4.9% in April 2022

24.06.2022 – The construction output price index recorded a rise of 4.9% between October 2021 and April 2022, reaching 109.2 points (October 2020 = 100). This result reflects an increase in building and civil engineering prices. Year on year, construction prices increased by 7.7%. These are some of the findings of the Federal Statistical Office (FSO). Development of the construction price index in Switzerland - Click to enlarge Download press release:...

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