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...
Read More »Swiss Consumer Price Index in November 2020: -0.7 percent YoY, -0.2 percent MoM
02.12.2020 – The consumer price index (CPI) fell by 0.2% in November 2020 compared with the previous month, reaching 101.0 points (December 2015 = 100). Inflation was –0.7% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.2% decrease compared with the previous month can be explained by several factors including falling prices for international package holidays. Hotel accommodation also recorded a...
Read More »Switzerland GDP Q3 2020: 7.2 percent QoQ, -1.6 percent YoY
Switzerland’s GDP grew by 7.2 % in the 3rd quarter of 2020, after decreasing by a total of 8.6 % in the first half of the year. Domestic demand and parts of the service sector recovered significantly, while international developments had an adverse impact on exports. Switzerland Gross Domestic Product (GDP) QoQ, Q3 2020(see more posts on Switzerland Gross Domestic Product, ) Source: investing.com - Click to enlarge In the 3rd quarter, Switzerland’s GDP grew...
Read More »Price indices’ upgrade includes addition of an official residential property price index
26.11.2020 – From 2021, the price indices published by the Federal Statistical Office (FSO) will be armed with an updated methodology that reflects market changes as closely as possible. Furthermore, a new price index will be added to the existing set, measuring residential property price change, which will be published on a quarterly basis. These economic indicators are very important, both for economic and monetary policy and for the indexation of monetary values...
Read More »Employment in Switzerland continued to fall in 3rd quarter
26.11.2020 – In the 3rd quarter 2020, total employment (number of jobs) fell by 0.4% in comparison with the same quarter a year earlier (+0.5% with previous quarter). In full-time equivalents, employment in the same period declined by 0.1%. The Swiss economy counted 11 900 fewer vacancies than in the corresponding quarter of the previous year (–15.1%) with the employment outlook indicator also indicating a downward trend (-2.3%). These are some of the latest findings...
Read More »Swiss Consumer sentiment: No further recovery of consumer sentiment
Consumer sentiment in Switzerland has largely been stagnating since the summer. All sub-indices used for the calculation are still below their long-term average and none have improved significantly compared to this summer’s survey. Economic development and the situation on the labour market are seen as unfavourable. As of October, the consumer sentiment index stands at –13 points, almost at the same level as in July (–12 points). The sentiment remains gloomy,...
Read More »Swiss Consumer Price Index in October 2020: -0.6 percent YoY, 0.0 percent MoM
03.11.2020 – The consumer price index (CPI) remained stable in October 2020 compared with the previous month, remaining at 101.2 points (December 2015 = 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 stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Prices for clothing and footwear increased,...
Read More »Swiss Retail Sales, September 2020: 0.3 percent Nominal and 0.3 percent Real
30.10.2020 – Turnover adjusted for sales days and holidays rose in the retail sector by 0.3% in nominal terms in September 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 3.6% compared with the previous month. These are some of the findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 0.3% in September 2020 compared with the previous year. Real growth...
Read More »World Data Forum: strong international cooperation for quality data
22.10.2020 – The United Nations World Data Forum took place from 19 to 21 October 2020 in digital format due to COVID-19. The event brought together several thousand experts to find innovative solutions in order to meet the need for better quality data to implement the 2030 Agenda and to control the pandemic. Every two years, the United Nations World Data Forum (UNWDF) brings together participants from various regions, countries and data communities, covering the...
Read More »Occupational mobility: nearly 20 percent of employed persons left their job between 2018 and 2019
22.10.2020 – In Switzerland, 19.2% of people who pursued a professional activity left their job between 2018 and 2019. Mobility is particularly strong among young people, people with a fixed-term contract or working in the hotel and restaurant sector. A change of job led to a higher work-time percentage for 1 in 5 people and a wage increase for 1 full-time employee in 3. These are some of the results from the “Occupational mobility in Switzerland 2019” publication...
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