Tag Archives: Swiss Macro

Construction Industry Production, Orders and Turnover Statistics in 4th quarter 2016 Neuchâtel, 23.02.2017 (FSO) – Secondary sector production declined 0.8% in 4th quarter 2016 in comparison with the same quarter a year earlier. Turnover fell by 2.1%. This is shown by provisional results from the Federal Statistical Office (FSO). Industrial Production In comparison with the previous year, industrial production...

Neuchâtel, 21.02.2017 (FSO) – The hotel sector registered 35.5 million overnight stays in Switzerland in 2016, representing a moderate decline of 0.3% (-96,000 overnight stays) compared with 2015. Foreign visitors registered 19.3 million overnight stays, a decline of 1.5% (-288,000). The number of overnight stays by domestic visitors (16.2 million) showed an increase of 1.2% (+192,000) and thus registering a positive...

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 increases, while REER assumes constant productivity in comparison to trade partners. On the other side, a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to...

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...

Swiss Labour Force Survey 4th quarter 2016: labour supply 1.5% increase in the number of employed persons. The unemployment rate based on the ILO definition falls to 4.3% Neuchâtel, 16.02.2017 (FSO) – The number of employed persons in Switzerland rose by 1.5% between the 4th quarter 2015 and the 4th quarter 2016. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO)...

From the official press release by Swiss Statistics: Swiss Consumer Price Index in January 2017: Consumer Prices Remained Unchanged in January 2017 Neuchâtel, 14.02.2017 (FSO) – The Swiss Consumer Price Index (CPI) remained unchanged in January 2017 compared with the previous month at 100.0 points (December 2015=100). Inflation was 0.3% in comparison with the same month in the previous year. These are the findings from...

  Unemployment Rate (not seasonally adjusted) According to the State Secretariat for Economic Affairs (SECO) surveys, 164,466 unemployed were registered at the Regional Employment Centers (RAV) at the end of January 2017, 5,094 more than in the previous month. The unemployment rate thus rose from 3.5% in December 2016 to 3.7% in the reporting month. Switzerland Unemployment Rate Not Seasonally Adjusted January...

Bern, 07.02.2017 – Consumer sentiment in Switzerland has significantly improved according to the latest survey*. The index has climbed to -3 points, rising above its long-term average. Consumers are clearly more optimistic about where they feel the economy is going as well as being less gloomy about the future development of unemployment and their own financial situation. This is thus the first time that consumers have...

Risks to the Swiss property market remained elevated in the three months through September, according to UBS Group AG’s quarterly index. “While the buy-to-rent price ratio reached an all-time high, moderate mortgage growth and the slightly-improved economy prevented imbalances in the owner-occupied housing market from widening,” it said in a report. Major Findings • The UBS Swiss Real Estate Bubble Index stood in the...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...