16.12.2019 – Overall, the pension funds survived the weak stock markets in 2018. By dissolving 40% of the existing fluctuation reserves, the negative net result from investments was largely offset. The shortage increased by 20%. This emerges from the definitive results of the Pension Fund Statistics 2018 of the Federal Statistical Office (FSO). The correction on the financial markets, especially towards the end of 2018, left its mark on the investment side of the...
Read More »Swiss Retail Sales, November 2019: -0.7 percent Nominal and 0.0 percent Real
09.01.2020 – Turnover adjusted for sales days and holidays fell in the retail sector by 0.7% in nominal terms in November 2019 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.3% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays remained stable in the retail sector in November 2019 compared with the previous year. Real growth...
Read More »Swiss Consumer Price Index in December 2019: +0.2 percent YoY, +0.4 percent MoM
07.01.2020 – The consumer price index (CPI) remained stable in December 2019 compared with the previous month, remaining at 101.7 points (December 2015 = 100). Inflation was +0.2% compared with the same month of the previous year. The average annual inflation reached +0.4% in 2019.These are the results of the Federal Statistical Office (FSO). The average annual inflation for 2019 corresponds to the rate of change between the annual average of the CPI for 2019 and...
Read More »Swiss Producer and Import Price Index in November 2019: -2.5 percent YoY, -0.4 percent MoM
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 Novemeber 2019: -0.1 percent YoY, -0.1 percent MoM
03.12.2019 – The consumer price index (CPI) fell by 0.1% in November 2019 compared with the previous month, reaching 101.7 points (December 2015 = 100). Inflation was –0.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The decrease of 0.1% compared with the previous month can be explained by several factors including falling prices for international package holidays and hotel accommodation. The prices...
Read More »Swiss Retail Sales, October 2019: +0.1 percent Nominal and +0.9 percent Real
02.12.2019 – Turnover adjusted for sales days and holidays rose in the retail sector by 0.1% in nominal terms in October 2019 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.9% 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 0.7% in October 2019 compared with the previous year. Real growth takes...
Read More »Switzerland GDP Q3 2019: +0.4 percent QoQ, +1.1 percent YoY
Switzerland’s GDP rose by 0.4% in the 3rd quarter of 2019, after increasing by 0.3% in the previous quarter. Exports of chemical and pharmaceutical products and energy were key contributing factors. In other areas, the impact of the subdued international environment was felt more strongly. The economic slowdown is being borne out on the whole. Switzerland Gross Domestic Product (GDP) QoQ, Q3 2019(see more posts on Switzerland Gross Domestic Product, ) Source:...
Read More »Swiss wage index 2019: Real and minimum wages increased by 1.1 percent and 0.8 percent respectively in 2019
26.11.2019 – The social partners signatory to Switzerland’s main collective labour agreements (CLA) agreed a nominal rise in real wages of 1.1% and a nominal rise in minimum wages of 0.8% for 2019. Real wages increased by 0.5% at collective level and by 0.6% at individual level. These are the some of the results of the wage agreements survey carried out by the Federal Statistical Office (FSO). . Download press release: Real and minimum wages increased by 1.1% and...
Read More »Employment Barometer in the Q3 2019: Employment higher than ever
26.11.2019 – Total employment rose in the third quarter by 1.3% compared with the same quarter a year earlier. At 5.137 million jobs it reached the highest level since the statistics began. In full-time equivalents, employment in the same period rose by 1.1%. The Swiss economy counted 6900 more vacancies than in the corresponding quarter of the previous year (+9.6%). The employment outlook indicator is indicating a downward trend (-0.2%) and difficulties in...
Read More »Swiss Labour Force Survey in 3rd quarter 2019: 0.3percent increase in number of employed persons; unemployment rate based on ILO definition rose to 4.6percent
14.11.2019 – The number of employed persons in Switzerland rose by 0.3% between the 3rd quarter 2018 and the 3rd quarter 2019. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) increased from 4.4% to 4.6%. The EU’s unemployment rate decreased from 6.5% to 6.2%. These are some of the results of the Swiss Labour Force Survey (SLFS). Download press release: 3rd quarter 2019: 0.3% increase in number of employed...
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