Tag Archives: 2) Swiss and European Macro

01.07.2021 – Turnover adjusted for sales days and holidays rose in the retail sector by 2.3% in nominal terms in May 2021 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.9% 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 2.8% in May 2021 compared with the previous year. Real growth takes...

07.06.2021 – The consumer price index (CPI) increased by 0.3% in May 2021 compared with the previous month, reaching 101.0 points (December 2020 = 100). Inflation was +0.6% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.3% increase compared with the previous month is due to several factors including rising prices for housing rentals. International package holidays also recorded a price increase,...

After jumping 5.9% in March, exports stagnated in April, however, rising to a high level of 20 billion francs. Imports confirmed their vitality in previous months, up 3.5% to 16.8 billion francs (actual: + 2.2%). The trade balance closes with a surplus of 3.3 billion francs. Switzerland Trade Balance, April 2021(see more posts on Switzerland Trade Balance, ) Source: Investing.com - Click to enlarge [embedded content]...

27.05.2021 – In the 1st quarter 2021, total employment (number of jobs) fell for the fourth time in a row compared with the same quarter a year earlier (–0.6%; –0.2% compared with previous quarter). In full-time equivalents, employment in the same period declined by 0.7%. There are, however, signs of improvement in the employment situation: The Swiss economy counted 4000 more vacancies than in the corresponding quarter of the previous year (+6.0%) and the employment...

The social distancing measures introduced in response to the Covid-19 pandemic has forced many people to work from home and accelerated the trend of remote working. Eurostat have released some interesting new data showing the share of employed people aged between 15 and 64 in Europe who usually do home office. As Statista’s Miall McCarthy notes, over the past decade, that has been hovering at around five percent and the pandemic has seen it rise to 12.3 percent....

The Producer Price Index (PPI) or officially named “Producer and Import Price Index” describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015 (see below), compared to -3% in Europe or -1% in...

05.05.2021 – The consumer price index (CPI) increased by 0.2% in April 2021 compared with the previous month, reaching 100.8 points (December 2020 = 100). Inflation was +0.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.2% increase compared with the previous month can be explained by several factors including rising prices for fruiting vegetables. Clothing also recorded a price increase, as did...

Sentiment amongst Swiss households is improving. The results of the April survey show that expectations regarding general economic development in particular are becoming more positive. The likelihood of households making major purchases has also risen. Download press release Consumer sentiment back to pre-crisis level(PDF, 2 pages, 257...

27.04.2021 – There were 6316 detained persons in Switzerland on 31 January 2021, corresponding to an 8.4% decline in numbers compared with the same reference day in 2020. The majority of inmates (65%) were detained under a custodial sentence or measure (including the accelerated execution of a sentence), 1986 persons (31%) were in remand or preventive detention and 235 persons (4%) were imprisoned for other reasons. There were 73 detainees per 100 000 inhabitants,...

27.04.2021 – In 2019, the total health care expenditure in Switzerland according to international standards was CHF 82.1 billion. At 2.3%, growth in health care expenditure was below the five-year average of 2.8%. In comparison to the previous year, the percentage of gross domestic product (GDP) spent on health care at current prices rose from 11.2% to 11.3%. These are the latest findings of the Federal Statistical Office (FSO) on the costs and financing of the...