Tag Archives: 2) Swiss and European Macro

15.04.2024 - The Producer and Import Price Index rose in March 2024 by 0.1% compared with the previous month, reaching 106.9 points (December 2020 = 100). In particular, petroleum products saw higher prices. Compared with March 2023, the price level of the whole range of domestic and imported products fell by 2.1%. These are the results from the Federal...

Le renouvellement et la modernisation du système pour la perception de la redevance sur le trafic des poids lourds liée aux prestations (RPLP) prennent forme. Les détenteurs de véhicules immatriculés en Suisse pourront à l’avenir choisir entre des systèmes de saisie proposés par différents prestataires. Le service de base relatif à la RPLP sera assuré par NATRAS AG, une société de saisie des données fondée en janvier 2024 et mandatée par l’Office fédéral de la douane...

15.2.2024 - In Switzerland, a total of 15.9% of employees worked shifts in 2022, just over half of them with rotating working hours (8.6% of employees). The distribution of shift work varies widely among the different economic activities. The economic activities with the highest percentages of shift work, i.e. in which more than 20% of employees undertake shift...

16.11.2023 - Most library activity indicators improved in 2022, after two years marked by the COVID-19 pandemic: admissions (+28% compared with 2021), events organised (+42%) and participants in these events (+54%). New results show that women account for 80% of salaried library staff, and even 88% at senior management level. These data are some of the detailed...

21.02.2023 – The number of workers holding a cross-border commuter permit (G permit) increased by 6.1% between the 4th quarters of 2021 and 2022 with 380 000 persons. Their share in the employed population was 7.3% (+0.4 percentage points). These are the findings of the Cross-border Commuter Statistics, conducted by the Federal Statistical Office (FSO). . Download press release: The number of cross-border commuters rose by 6.1% in 4th quarter 2022 over a one-year...

14.02.2023 – The Producer and Import Price Index rose in January 2023 by 0.7% compared with the previous month, reaching 109.2 points (December 2020 = 100). In particular, petroleum and natural gas as well as electricity saw higher prices. Petroleum products, in contrast, became cheaper. Compared with January 2022, the price level of the whole range of domestic and imported products rose by 3.3%. These are the results from the Federal Statistical Office (FSO). In...

The consumer price index (CPI) increased by 0.6% in January 2023 compared with the previous month, reaching 105.0 points (December 2020 = 100). Inflation was +3.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.6% increase compared with the previous month is due to several factors including rising prices for electricity and gas. Hotel accommodation also recorded a price increase, as did bread and...

Driven by rising prices, Swiss foreign trade increased significantly in nominal terms in 2022. Although exports rose by 7.2%, they stagnated in price-adjusted terms. Meanwhile, imports grew by 16.8% in nominal terms and edged up slightly in real terms. Trade declined in both directions in the fourth quarter. The year ended with a trade surplus of CHF 43.5 billion. In brief: ⇑ Exports: watches and jewellery set new records ⇑ Exports to Slovenia and Italy soared...

The Producer and Import Price Index fell in December 2022 by 0.7% compared with the previous month, reaching 108.5 points (December 2020 = 100). Compared with December 2021, the price level of the whole range of domestic and imported products rose by 3.2%. Average annual inflation in 2022 reached +5.6%. These are the results from the Federal Statistical Office (FSO). Average annual inflation for 2022 corresponds to the rate of change between the annual average for...

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...