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.
My articlesMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaCFA SocietyEconomicBlogs
Filter archive by: Show All Show only Articles Show only Videos

KOF Economic Barometer: Swiss Economy Gains Pace

2017-11-30

by

2017-11-30

KOF Economic Barometer, November 2017
The KOF Economic Barometer continued its upward tendency in November. It rose by 0.5 points to 110.3 points (after revised 109.8 in October). This is the third consecutive increase of the indicator. The Swiss economy continues to gain momentum towards the end of the year.

Read More »

Health insurance premium index 2017: Premium increases from 2016 to 2017 curb growth in disposable income by 0.3 percentage points

2017-11-30

by

2017-11-30

Schweiz Krankenversicherungsprämien 2000-2017
The health insurance premiums index (CIPI) recorded a growth of 3.8 percent over the previous year for the 2017 premium year. The KVPI thus achieved an index level of 185.3 points (base 1999 = 100). The impact of premium development on the growth of disposable income can be estimated using the CIPI. According to the KVPI model calculation by the Federal Statistical Office (FSO), the increase in premiums reduces the growth in average disposable...

Read More »

Switzerland UBS Consumption Indicator October: UBS consumption indicator trends sideways

2017-11-29

by

2017-11-29

Switzerland Private Consumption and UBS Consumption Indicator, October 2017
The UBS consumption indicator was quoted at 1.54 points in October, suggesting that private consumption is growing at a solid pace in the fourth quarter. A weaker Swiss franc and a drop in unemployment provide support for it, but rising inflation and the accompanying stagnation of real wages are likely to cap any growth in it.

Read More »

Employment barometer in the Q3 2017: Employment continues to increase in the Q3 2017

2017-11-27

by

2017-11-27

Switzerland Employment Level Q3 2017
In the 3rd quarter 2017, total employment (number of jobs) rose by 0.8% in comparison with the same quarter a year earlier (+0.3% with the previous quarter). In full-time equivalents, employment in the same period rose by 0.5%. The Swiss economy counted 4000 more vacancies than in the corresponding quarter of the previous year (+7.5%) and the employment outlook indicator is also indicating an upward trend (+0.6%).

Read More »

Construction Industry Production, Orders and Turnover Statistics: lncrease in construction production in Switzerland in Q3 2017

2017-11-24

by

2017-11-24

Switzerland Industrial Orders, Q3 2017
Secondary sector production rose by 7.4% in 3rd quarter 2017 in comparison with the same quarter a year earlier. Turnover rose by 6.2%. This is the greatest increase since the 1st quarter 2008.

Read More »

Swiss Trade Balance October 2017: A Slowdown at a High Level

2017-11-21

by

2017-11-21

Switzerland Trade Balance, October 2017
In October 2017, Swiss foreign trade continued its advance. Adjusted for working days, exports grew by 5% against 7% for imports. Growth, however, weakened slightly compared to previous months. The trade balance is closing with a surplus of 2.4 billion francs.

Read More »

Swiss Labour Force Survey in 3rd quarter 2017: labour supply: 1.0 percent increase in number of employed persons; unemployment rate based on ILO definition at 5.0 percent

2017-11-16

by

2017-11-16

G1. Switzerland, Total Number Employed and in Full-Time Equivalents
The number of employed persons in Switzerland rose by 1.0% between the 3rd quarters of 2016 and 2017. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) declined from 5.1% to 5.0%. The EU's unemployment rate decreased from 8.2% to 7.3%. These are some of the results of the Swiss Labour Force Survey (SLFS) conducted by the Federal Statistical Office (FSO).

Read More »

Swiss Producer and Import Price Index in October 2017: +1.2 YoY, +0.5 MoM

2017-11-14

by

2017-11-14

Switzerland Producer Price Index (PPI) YoY, October 2017
The Producer and Import Price Index rose in October 2017 by 0.5% compared with the previous month, reaching 101.0 points (base December 2015 = 100). The rise is due in particular to higher prices for machinery, electrical equipment and metal products. Compared with October 2016, the price level of the whole range of domestic and imported products rose by 1.2%.

Read More »

OECD Country Report 2017 on Swiss economic policy

2017-11-10

by

2017-11-10

On Tuesday, November 14, 2017, the OECD presents the OECD Country Report 2017 on Swiss economic policy at a media conference. This takes place at 15.00 clock in the media center Bundeshaus, Bundesgasse 8-12, 3003 Bern.

Read More »

Switzerland Unemployment in October 2017: Remained unchanged at 3.0 percent, seasonally adjusted unchanged at 3.1 percent

2017-11-09

by

2017-11-09

Switzerland Unemployment Rate n.s.a. October 2017
Registered unemployment in October 2017 - According to surveys by the State Secretariat for Economic Affairs (SECO), 134,800 unemployed people were registered at the Regional Employment Centers (RAV) at the end of October 2017, 1,631 more than in the previous month. The unemployment rate remained at 3.0% in the month under review. Compared with the same month last year, unemployment fell by 9,731 (-6.7%).

Read More »

Europe Is Booming, Except It’s Not

2017-11-07

by

2017-11-07

Eurozone Gross Domestic Product, 1996 - 2017
European GDP rose 0.6% quarter-over-quarter in Q3 2017, the eighteenth consecutive increase for the Continental (EA 19) economy. That latter result is being heralded as some sort of achievement, though the 0.6% is also to a lesser degree. The truth is that neither is meaningful, and that Europe’s economy continues toward instead the abyss.

Read More »

Swiss Consumer Price Index in October 2017: Up +0.7 percent against 2016, +0.1 percent against last month

2017-11-06

by

2017-11-06

Switzerland Consumer Price Index (CPI) YoY, Oct 2017
The consumer price index (CPI) increased by 0.1% in October 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.7% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

Read More »

Agriculture suisse: trop, c’est trop.

2017-11-03

by

2017-11-03

Après la place financière, la production d’électricité, le secteur de la santé, des assurances-maladie, voici arrivé le tour de la destruction du secteur agricole. Remarquez la chose est déjà bien emmanchée avec des suicides et des faillites d’agriculteurs harcelés par un Etat qui poursuit l’agenda d’un « marché » financier et non celui des électeurs, quand bien même ceux-ci financent leur salaire …

Read More »

Swiss Consumers continue to expect a positive economic development

2017-11-02

by

2017-11-02

Consumer Confidence Survey, Q4/2017
Consumer sentiment in Switzerland remains above average. At -2 points, the overall index is virtually unchanged in October compared to the previous quarter (-3 points). Continued optimism regarding economic development and unemployment are supporting the positive outlook in particular, while expectations regarding the financial situation of households remain below average.

Read More »

Swiss Retail Sales, September: Stable Nominal and +0.8 percent Real

2017-11-02

by

2017-11-02

Switzerland Retail Sales YoY, September 2017
Turnover in the retail sector remained stable in nominal terms in September 2017 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.8% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Read More »

Eurozone Crisis Is Back

2017-10-31

by

2017-10-31

Euro
Gold will be safe haven again in looming EU crisis. EU crisis is no longer just about debt but about political discontent. EU officials refuse to acknowledge changing face of politics across the union. Catalonia shows measures governments will use to maintain control. EU currently holds control over banks accounts and ability to use cash. Protect your savings with gold in the face of increased financial threat from EU.

Read More »

KOF Economic Barometer: Prospects for the Swiss Economy Continue to Brighten Up

2017-10-30

by

2017-10-30

KOF Economic Barometer, October 2017
The KOF Economic Barometer rose by 3.0 points in October. This is the second upward movement in succession. The indicator reached 109.1 points in October (after revised 106.1 in September). Autumn is welcoming the Swiss economy with a tailwind.

Read More »

Three Developments in Europe You may have Missed

2017-10-29

by

2017-10-29

The focus in Europe has been Catalonia's push for independence and the attempt by Madrid to prevent it. Tomorrow's ECB meeting, where more details about next year's asset purchases, is also awaited. There are three developments that we suspect have been overshadowed but are still instructive. First, the ECB reported that its balance sheet shrank last week. With the ECB set to take another baby step toward the exit, many are seeing convergence,...

Read More »

Switzerland UBS Consumption Indicator September: Higher expectations in the retail industry

2017-10-25

by

2017-10-25

Switzerland Private Consumption and UBS Consumption Indicator, December 2016
The UBS consumption indicator rose to 1.56 points in September, signalling consumption growth slightly above the long-term average. The indicator was supported by significantly higher expectations in the retail industry, but UBS still projects consumer spending to grow 1.3 percent for the year overall.

Read More »

Après les Panama Papers, enquête sur Malte, « paradis fiscal méconnu ». L’Express

2017-10-25

by

2017-10-25

Daphne Caruana Galizia
l existe une armée « d’émigrés du fisc à Malte », dénonce un consortium de journalistes. Bouygues et Total figurent parmi les entreprises épinglées. Mediapart et le réseau European Investigative Collaborations (EIC) ont publié, vendredi, une longue enquête sur Malte et « les coulisses d’un paradis fiscal« .

Read More »