SECO

SECO

State Secretariat for Economic Affairs SECO SECO is the federal government`s centre of excellence for all core issues relating to economic and labour market policy. It is our aim to contribute to sustained economic growth, high employment and fair working conditions, by creating the necessary regulatory, economic and foreign policy framework.

Articles by SECO

Switzerland Unemployment in September 2017: Situation on the Labor Market

Switzerland Unemployment Rate n.s.a. September 2017

Registered unemployment in September 2017 – According to the SECO surveys, 133,169 unemployed persons were registered at the regional employment services centers (RAV) at the end of September 2017, 2,409 less than in the previous month. The unemployment rate remained at 3.0% in the reporting month. Compared to the previous month, unemployment fell by 9’506 persons (-6.7%).

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Swiss economy resumes stronger growth

Comparison of Forecasts of September 17 and June 17

Economic forecasts by the Federal Government’s Expert Group – autumn 2017* – Because of the weak performance in the first half of the year, the Federal Government’s Expert Group anticipates only moderate GDP growth of 0.9% in 2017.

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Switzerland Unemployment in August 2017: Unemployment Slightly Falling

Switzerland Unemployment Rate n.s.a. August 2017

Registered unemployment in August 2017 – At the end of August 2017 135’578 unemployed persons were registered at the Regional Employment Services Centers (RAV), according to the SECO (State Secretariat for Economic Affairs), 1’652 more than in the previous month. The unemployment rate remained at 3.0% in the reporting month. Compared to the previous month, unemployment decreased by 7’280 persons (-5.1%).

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Switzerland Q2 GDP: +0.3 percent QoQ

Switzerland Gross Domestic Product (GDP) YoY, Aug 2017

Switzerland’s real gross domestic product (GDP) grew by 0.3 % in the 2nd quarter of 2017. Manufacturing, the financial sector and the hotel and catering in-dustry significantly boosted growth, while developments in trade, public administration and the healthcare sector were sluggish. On the expenditure side, growth was driven by domestic demand, with positive momentum coming from both consumption and investment.

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Swiss Consumers more Optimistic about Economy and Job Market

Consumer Confidence Survey, July 2017

Consumer sentiment in Switzerland is on the rise again in July. The index reached -3 points – well above the long-term average (-9 points). This confirms the recovery in sentiment from the lows following the sharp rise in the Swiss franc. In comparison to the survey of April, consumers’ expectations for economic growth and for the job market have become considerably more optimistic.

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Switzerland Unemployment in June 2017: Remained unchanged at 3.2 percent seasonally adjusted

Switzerland Unemployment Rate s.a., June 2017

Registered unemployment in June 2017 – According to the State Secretariat of Economic Affairs (SECO) surveys, 133’603 unemployed persons were registered at the Regional Employment Centers (RAV) at the end of June 2017, 6’175 less than in the previous month. The unemployment rate thus fell from 3.1% in May 2017 to 3.0% in the reporting month. Compared to the previous month, unemployment fell by 5’524 persons (-4.0%).

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Positive Economic Outlook Continues Despite Tentative Recovery to Date

Comparison of Forecasts of June 17 and March 17

Economic forecasts by the Federal Government’s Expert Group – summer 2017* – Although growth in the Swiss economy has steadily accelerated over the past two quarters, it has nevertheless fallen short of expectations. A further marked increase in economic momentum is to be expected over the coming quarters given the promising outlook for the global economy and positive leading indicators.

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Consumer Sentiment Stands Near its Average

Consumer Confidence Survey, Q2/2017

With an index value of -8 points, Swiss consumer sentiment in April 2017 is virtually at its long-term average, having been slightly more optimistic in January (-3 points). While expectations for overall economic developments are above average in April, they are less positive than they were in January.

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Switzerland at IMF and World Bank 2017 Spring Meetings in Washington, D.C.

Swiss National bank bern

Federal Councillor Ueli Maurer as Head of the Swiss delegation, Federal Councillor Johann N. Schneider-Ammann and Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, will take part in the joint Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, D.C., from 21 to 23 April 2017. Prior to these meetings, Federal Councillor Ueli Maurer will represent Switzerland at the meeting of G20 finance ministers and central bank governors.

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Switzerland’s economic prospects remain positive

Comparison of Forecasts of March 17 and December 16

Economic forecasts by the Federal Government’s Expert Group – spring 2017*. Swiss economic growth turned out disappointingly weak in the second half of 2016. However, the leading indicators are pointing to a clear upward trend in early 2017 and the global economy is sending out positive signals. The Federal Government’s Expert Group is therefore expecting growth in gross domestic product (GDP) to accelerate to +1.6% in 2017 (previously +1.8%) and to +1.9% in 2018 (unchanged), underpinned by domestic demand in particular.

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Swiss Consumer sentiment brightens

Consumer Confidence Survey, January 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.

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Swiss Consumer Sentiment Still Lukewarm

Switzerland SECO Consumer Climate Q3/2016

The latest survey shows that there was hardly any change in consumer sentiment in Switzerland between July and October 2016*. The index currently stands at -13 points and has consistently come in at a value below its long-term average for over a year now. However, consumers believe that the outlook for the economy over the coming months is considerably better than in July. The assessment of price trends also underwent an upward adjustment.

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Swiss Q2 GDP: +0.6 percent QoQ, +2.0 percent YoY

Each quarter, the SECO estimates the GDP and its components. The main purpose of these estimations is to provide data that allow for an assessment of the cyclical development of the main macroeconomic aggregats in a timely adequate and credible manner.

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Switzerland: Situation on the labor market July 2016

At the end of July 2016 there were 139’310 registered as unemployed, 183 more than last month. The unemployment rate remained at 3.1% in June. Compared to the previous month, unemployment increased by 5’556 persons (+ 4.2%). Seasonally adjusted 3.3%, one year ago 3.2%.

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Swiss Consumer Sentiment Remains Subdued

Consumer sentiment remained unchanged between April and July 2016* and is now below the long-term average for the fifth quarter in a row. Most sub-indices also saw no major change, except regarding inflation, with the 1,200 or so individuals questioned expecting prices to rise more sharply over the next twelve months than they had in April.

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Gross domestic product in the 1st quarter 2016

Switzerland’s real gross domestic product (GDP) grew by 0.1% in the 1st quarter of 2016.* GDP was underpinned by consumption expenditure from private households and investments in construction and equipment but curbed slightly by government consumption. On the production side, the picture was mixed: whilst financial services and the hotel and catering industry saw a decline, value added in manufacturing,

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