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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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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Swiss Producer and Import Price Index in January 2023: +3.3 percent YoY, +0.7 percent MoM

2023-02-14

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2023-02-14

Switzerland Producer Price Index (PPI) YoY, January 2023
The Producer and Import Price Index rose in January 2023 by 0.7% compared with the previous month, reaching 109.2 points (December 2020 = 100). In particular, petroleum and natural gas as well as electricity saw higher prices. Petroleum products, in contrast, became cheaper.

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2022: Price-driven increase in foreign trade

2023-01-24

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2023-01-24

Swiss exports and imports, seasonally adjusted (in bn CHF), December 2022
Driven by rising prices, Swiss foreign trade increased significantly in nominal terms in 2022. Although exports rose by 7.2%, they stagnated in price-adjusted terms. Meanwhile, imports grew by 16.8% in nominal terms and edged up slightly in real terms. Trade declined in both directions in the fourth quarter. The year ended with a trade surplus of CHF 43.5 billion.

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Swiss Producer and Import Price Index in December 2022: +3.2 percent YoY, -0.7 percent MoM

2023-01-20

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2023-01-20

Switzerland Producer Price Index (PPI) YoY, December 2022
The Producer and Import Price Index fell in December 2022 by 0.7% compared with the previous month, reaching 108.5 points (December 2020 = 100). Compared with December 2021, the price level of the whole range of domestic and imported products rose by 3.2%. Average annual inflation in 2022 reached +5.6%.

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Swiss Trade Balance November 2022: pharmaceuticals weigh down exports

2022-12-20

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2022-12-20

Swiss exports and imports, seasonally adjusted (in bn CHF), November 2022
In November 2022, seasonally adjusted exports plunged by almost a tenth while imports increased by 1.4% month on month. At the exit in particular, the chemical-pharmaceutical sector weighed down the result. The trade balance closes with a small surplus of half a billion francs.

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Swiss Producer and Import Price Index in November 2022: +3.8 percent YoY, -0.5 percent MoM

2022-12-14

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2022-12-14

Switzerland Producer Price Index (PPI) YoY, November 2022
The Producer and Import Price Index fell in November 2022 by 0.5% compared with the previous month, reaching 109.2 points (December 2020 = 100). Lower prices were seen in particular for pharmaceutical and chemical products as well as for petroleum and natural gas. In contrast, petroleum products became more expensive. Compared with November 2021, the price level of the whole range of domestic and imported products rose by 3.8%.

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Since 2012, the population with a migration background has increased by 4 percentage points in Switzerland

2022-12-13

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2022-12-13

The share of the permanent resident population aged 15 or more with a migration background increased from 35% to 39% between 2012 and 2021, according to data from the Swiss Labour Force Survey (SLFS). With a few exceptions, the population with a migration background fares less well in many areas of life than the population without a migration background.

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Swiss Consumer Price Index in November 2022: +3.0 percent YoY, 0.0 percent MoM

2022-12-02

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2022-12-02

Switzerland Consumer Price Index (CPI) YoY, November 2022
The consumer price index (CPI) remained stable in November 2022 compared with the previous month, remaining at 104.6 points (December 2020 = 100). Inflation was +3.0% compared with the same month of the previous year.

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3rd quarter 2022: the number of employed persons rose by 0.8%, the unemployment rate based on ILO definition fell to 4.3%

2022-11-18

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2022-11-18

In the 3rd quarter of 2022, the number of employed persons in Switzerland increased by 0.8% compared with the same quarter of 2021 and the number of actual hours worked per week, per employed person, increased by 2.0%.

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