Category Archive: 2) Swiss and European Macro

Main Author George Dorgan
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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Avec 35 % des ventes, la vignette électronique s’est rapidement imposée en 2024

2024-11-21

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2024-11-21

Pour l’année 2024, les acheteuses et les acheteurs avaient le choix, pour la première fois, entre la vignette autocollante conventionnelle et la vignette électronique. Un bon tiers des personnes ont opté pour la version numérique.

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Octobre 2024 : la chimie-pharma détermine le record à l’export

2024-11-19

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2024-11-19

En octobre 2024, les exportations désaisonnalisées – dopées par la pharma – ont bondi de 10,2%, pour s’élever à un niveau record. Celles-ci accusaient toutefois encore une évolution légèrement négative au cours des trois mois précédents.

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Août 2024 : la contraction des exportations se poursuit

2024-09-19

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2024-09-19

Après désaisonnalisation, les exportations ont faibli de 1,2% à 22,1 milliards de francs sur un mois, révélant en outre une légère tendance baissière – à haut niveau – depuis avril 2024. Les importations ont pour leur part stagné à 18,3 milliards de francs (–0,1%). L'excédent de la balance commerciale a atteint 3,8 milliards de francs.

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Producer and Import Price Index rose by 0.2% in August

2024-09-16

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2024-09-16

16.09.2024 - The Producer and Import Price Index rose in August 2024 by 0.2% compared with the previous month, reaching 107.4 points (December 2020 = 100). Rising prices were seen in particular for pharmaceutical products. Petroleum products, in contrast, became cheaper.

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Gross domestic product in the 2nd quarter of 2024: Swiss economic growth above average

2024-09-03

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2024-09-03

In the second quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.5%, following 0.3% in the previous quarter. This result was slightly above average, driven by the strong expansion of the chemical and pharmaceutical industry.

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Consumer prices remained stable in August

2024-09-03

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2024-09-03

03.09.2024 - The consumer price index (CPI) remained unchanged in August 2024 compared with the previous month at 107.5 points (December 2020 = 100). Inflation was +1.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

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Swiss retail trade turnover rose by 1.5% in July

2024-09-02

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2024-09-02

02.09.2024 - Turnover adjusted for sales days and holidays rose in the retail sector by 1.5% in nominal terms in July 2024 compared with the previous year. Seasonally adjusted, nominal turnover rose by 2.0% compared with the previous month.

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Turnover in the Swiss service sector fell by 0.8% in June

2024-09-02

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2024-09-02

2.9.2024 - Services turnover adjusted for working days fell by 0.8% in June 2024 compared with the same month last year. This was mainly due to a decline in the economic section "Wholesale and retail trade". However, all other economic sections recorded an increase in turnover. These are provisional findings from the Federal Statistical Office (FSO).

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Record exports in the 2nd quarter of 2024

2024-07-18

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2024-07-18

After a tepid first quarter, Swiss foreign trade regained momentum in the second quarter of 2024. In seasonally adjusted terms, exports jumped by 6.6% and reached a record level. Imports increased by 2.2%. The trade balance closes with a historic quarterly surplus of 12.4 billion francs.

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Swiss timber harvest lower by 6% in 2023

2024-07-17

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2024-07-17

17.07.2024 - In 2023, 4.9 million cubic metres of timber were harvested in Switzerland, a decrease of almost 6% compared to the previous year. There was a noticeable decline in sawlogs (–12%) and the harvests of industrial roundwood (–1%) and chopped wood (–5%).

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Consumer prices increased by 0.3% in May

2024-06-04

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2024-06-04

04.06.2024 - The consumer price index (CPI) increased by 0.3% in May 2024 compared with the previous month, reaching 107.7 points (December 2020 = 100). Inflation was +1.4% compared with the same month of the previous year.

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Increase of 1.7% in nominal wages in 2023 and 0.4% decline in real wages

2024-04-25

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2024-04-25

25.04.2024 - The Swiss nominal wage index rose by an average of 1.7% in 2023 compared with 2022, to 102.4 points (base 2020 = 100). Given an average annual inflation rate of +2.1%, real wages fell by 0.4% (96.9 points, base 2020 = 100) according to calculations by the Federal Statistical Office (FSO).You will find further information such as tables and graphs in the press releases in German, French and Italian. The English version only includes the...

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Producer and Import Price Index rose by 0.1% in March

2024-04-15

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2024-04-15

15.04.2024 - The Producer and Import Price Index rose in March 2024 by 0.1% compared with the previous month, reaching 106.9 points (December 2020 = 100). In particular, petroleum products saw higher prices.

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Bankruptcies rose for the third year running: a first in the current time series

2024-04-09

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2024-04-09

09.04.2024 - 15 447 bankruptcy proceedings opened in 2023, which represents an increase of 2.9% compared with 2022. In the same period, financial losses due to bankruptcy returned to their long-term average.

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L’OFDF mandate un prestataire de service de base pour la RPLP

2024-03-14

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2024-03-14

Le renouvellement et la modernisation du système pour la perception de la redevance sur le trafic des poids lourds liée aux prestations (RPLP) prennent forme. Les détenteurs de véhicules immatriculés en Suisse pourront à l’avenir choisir entre des systèmes de saisie proposés par différents prestataires.

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8.6% of employees work in shifts with rotating working hours

2024-02-15

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2024-02-15

15.2.2024 - In Switzerland, a total of 15.9% of employees worked shifts in 2022, just over half of them with rotating working hours (8.6% of employees). The distribution of shift work varies widely among the different economic activities. The economic activities with the highest percentages of shift work, i.e. in which more than 20% of employees undertake shift work, are the following: Transportation and storage, the Restaurant and hotel sector and...

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13.3% of employed people never use digital devices in their jobs

2024-02-08

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2024-02-08

In 2022, only a minority of employed persons never used a computer, tablet or smartphone for work. While 13.0% of employed people never performed intellectual tasks, 31.4% never carried out manual tasks in their jobs. A very small proportion of employed persons consider their tasks to be highly routine or feel they have little autonomy, which are both risk factors for becoming automated.

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Nine out of ten senior management positions in Swiss libraries are held by women

2023-11-16

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2023-11-16

16.11.2023 - Most library activity indicators improved in 2022, after two years marked by the COVID-19 pandemic: admissions (+28% compared with 2021), events organised (+42%) and participants in these events (+54%). New results show that women account for 80% of salaried library staff, and even 88% at senior management level. These data are some of the detailed results of the Swiss Library Statistics just published by the Federal Statistical Office...

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The number of cross-border commuters rose by 6.1% in 4th quarter 2022 over a one-year period

2023-02-21

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2023-02-21

The number of workers holding a cross-border commuter permit (G permit) increased by 6.1% between the 4th quarters of 2021 and 2022 with 380 000 persons. Their share in the employed population was 7.3% (+0.4 percentage points).

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Swiss Consumer Price Index in January 2023: +3.3 percent YoY, +0.6 percent MoM

2023-02-14

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2023-02-14

Switzerland Consumer Price Index (CPI) YoY, January 2023
The consumer price index (CPI) increased by 0.6% in January 2023 compared with the previous month, reaching 105.0 points (December 2020 = 100). Inflation was +3.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

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