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.

Producer and Import Price Index rose by 0.2% in March



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Producer and Import Price Index fell in September by 0.2%



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Primary level: Sharp fall in demand expected for new teachers



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Residential property prices increased by 1.9% in 2nd quarter 2025

30.07.2025 - The Swiss Residential Property Price Index (IMPI) rose in the 2nd quarter 2025 by 1.9% compared with the previous quarter and reached 123.3 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 5.0%. These are some of the results from the Federal Statistical Office (FSO).

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Février 2025 : le commerce extérieur en verve après un début d’année morose

L’évolution très volatile du commerce extérieur s’est poursuivie en février 2025. Après désaisonnalisation, tant les exportations que les importations ont contrebalancé leur revers du mois précédent, avec une croissance de respectivement 6,6 et 7,0%. Une fois de plus, le secteur de la chimie-pharma a grandement influencé le résultat. L’excédent de la balance commerciale a atteint 4,3 milliards de francs.

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Avec 35 % des ventes, la vignette électronique s’est rapidement imposée en 2024

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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