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

Swiss Retail Sales, March 2022: -5.9 percent Nominal and -6.6 percent Real

2022-04-29

by

2022-04-29

Switzerland Retail Sales YoY, March 2022
Turnover adjusted for sales days and holidays fell in the retail sector by 5.9% in nominal terms in March 2022 compared with the previous year. This decline can mainly be explained by the high figure of March 2021, when the COVID-19 protection measures were lifted before the end of the month and turnover rebounded. Seasonally adjusted, nominal turnover rose by 0.9% compared with the previous month.

Read More »

Swiss Trade Balance Q1 2022: foreign trade chain record upon record

2022-04-27

by

2022-04-27

Switzerland Trade Balance, March 2022
Swiss foreign trade also grew in the 1st quarter of 2022, climbing to a record level. Imports strengthened further (+6.7%) while exports lost ground somewhat (+1.2%). Both at entry and exit, prices stood at very high levels. Due to different trends in the two directions of traffic, the trade balance surplus fell sharply (–2.8 billion francs).

Read More »

Swiss Producer and Import Price Index in March 2022: +6.1 percent YoY, +0.8 percent MoM

2022-04-15

by

2022-04-15

Switzerland Producer Price Index (PPI) YoY, March 2022
14.04.2022 - The Producer and Import Price Index increased in March 2022 by 0.8% compared with the previous month, reaching 107.0 points (December 2020 = 100). Higher prices were seen for petroleum products in particular. Basic metals and semi-finished metal products also became more expensive. Compared with March 2021, the price level of the whole range of domestic and imported products rose by 6.1%.

Read More »

75 percent of Swiss citizens living abroad have more than one nationality

2022-04-07

by

2022-04-07

07.04.2022 - At the end of 2021, more than one in ten Swiss citizens lived abroad. This was a 1.5% increase compared with 2020. Most of these citizens lived in Europe. Regardless of the continent in which they lived, the majority were aged between 18 and 64. Reflecting Switzerland's multicultural nature, many of them also had more than one nationality, according to the results of the statistics on the Swiss abroad from the Federal Statistical...

Read More »

Swiss Consumer Price Index in March 2022: +2.4 percent YoY, +0.6 percent MoM

2022-04-01

by

2022-04-01

Switzerland Consumer Price Index (CPI) YoY, March 2022
The consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month, reaching 103.0 points (December 2020 = 100). Inflation was +2.4% compared with the same month of the previous year.

Read More »

Swiss Retail Sales, February 2022: 13.3 percent Nominal and 12.8 percent Real

2022-03-31

by

2022-03-31

Switzerland Retail Sales YoY, February 2022
31.3.2022 - Turnover adjusted for sales days and holidays rose in the retail sector by 13.3% in nominal terms in February 2022 compared with the previous year. This sharp increase can partly be explained by the low figure for February 2021, when COVID-19 protective measures were reintroduced. Seasonally adjusted, nominal turnover rose by 0.4% compared with the previous month.

Read More »

In 2020, the median wage was CHF 6665

2022-03-30

by

2022-03-30

28.03.2022 - For the entire Swiss economy (private and public sectors together), the gross monthly median wage for a full-time job was CHF 6665 in 2020. The gap between the highest and lowest earners in the wage pyramid remained stable overall between 2008 and 2020. The Swiss wage landscape continues to be characterised by major differences between the economic sectors and regions.

Read More »

More than 30 300 digital offences in 2021

2022-03-29

by

2022-03-29

28.03.2022 - In 2021, the police recorded 30 351 offences having a digital component, i.e. an increase of more than 24% compared with the previous year, according to results from the Federal Statistical Office's (FSO) Police crime statistics (PCS).

Read More »

Swiss Trade Balance February 2022: chemicals-pharma propels exports to a record level

2022-03-18

by

2022-03-18

Switzerland Trade Balance, February 2022
In February 2022, seasonally adjusted exports jumped 15.4% – after their setback in the previous two months – while imports fell 2.9%. The output boom was driven by the strength of chemicals and pharmaceuticals. For the first time, the trade balance surplus passed the 5 billion franc mark.

Read More »

A record number of new businesses in 2019

2022-03-15

by

2022-03-15

14.03.2022 - In Switzerland, 42 606 businesses were started from scratch in 2019. This figure, the highest ever recorded, represents growth of 8.0% compared with the previous year. In the same year, the number of high growth enterprises also reached a record, with 4803 units (+8.1% compared with 2018).

Read More »

Customs in 2021: more product piracy and non-compliant animal imports

2022-03-10

by

2022-03-10

The figures for the year 2021 from the Federal Office for Customs and Border Security (OFDF) are again marked by the COVID pandemic. Due to the boom in e-commerce, the number of shipments seized for product piracy has once again increased significantly. Cases in the field of animal protection have also increased sharply. In addition, the number of records of migrants who entered Switzerland irregularly was higher than in 2020. Receipts increased...

Read More »

Swiss inflation jumps sharply in February

2022-03-07

by

2022-03-07

The high inflation across the world is rippling as far as Switzerland. During the month of February 2022, Swiss prices rose 0.7%. Compared to the same month in 2021, prices were 2.2% higher, making this the highest price increase in two decades.

Read More »

Swiss Inflation Rises to 2.2 percent

2022-03-03

by

2022-03-03

The consumer price index (CPI) increased by 0.7% in February 2022 compared with the previous month, reaching 102.4 points (December 2020 = 100). Inflation was +2.2% compared with the same month of the previous year.

Read More »

Consumer prices increased by 0.2% in January

2022-02-18

by

2022-02-18

11.02.2022 - The consumer price index (CPI) increased by 0.2% in January 2022 compared with the previous month, reaching 101.7 points (December 2020 = 100). Inflation was +1.6% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.2% increase compared with the previous month is due to several factors including rising prices for gas. Hotel accommodation also recorded a price...

Read More »

Swiss Trade Balance Year 2021: exports climb to one record level

2022-01-27

by

2022-01-27

Switzerland Trade Balance, December 2021
After a year 2020 strongly affected by the Covid-19 pandemic, Swiss foreign trade proved to be very dynamic in 2021. Exports thus jumped by 15.2% – reaching a record level – while imports swelled by 10 .1%. The different pace of growth at entry and exit explained the jump in the trade surplus to the imposing level of 58.7 billion francs.

Read More »

Swiss Retail Sales, November 2021: +5.4 percent Nominal and +5.8 percent Real

2022-01-11

by

2022-01-11

Switzerland Retail Sales YoY, November 2021
Turnover adjusted for sales days and holidays rose in the retail sector by 5.4% in nominal terms in November 2021 compared with the previous year. Seasonally adjusted, nominal turnover rose by 1.4% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Read More »

Swiss Producer and Import Price Index in November 2021: +5.8 percent YoY, +0.5 percent MoM

2021-12-15

by

2021-12-15

Switzerland Producer Price Index (PPI) YoY, November 2021
The Producer and Import Price Index rose in November 2021 by 0.5% compared with the previous month, reaching 105.2 points (December 2020 = 100). In particular, petroleum products as well as petroleum and natural gas saw higher prices. Compared with November 2020, the price level of the whole range of domestic and imported products rose by 5.8%.

Read More »

Swiss Retail Sales, October 2021: +0.6 percent Nominal and +1.2 percent Real

2021-12-02

by

2021-12-02

Switzerland Retail Sales YoY, October 2021
Turnover adjusted for sales days and holidays rose in the retail sector by 0.6% in nominal terms in October 2021 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.5% compared with the previous month.

Read More »

Settlements continue to grow, but at a slower pace

2021-11-26

by

2021-11-26

Switzerland's settlement and urban areas have expanded by a further 181 km2 in the last ten years, which is twice the area of Lake Zurich. Compared with previous decades, however, settlement growth has slowed down slightly. Forests have also expanded, but only in the mountains.

Read More »

Around 12percent of the household budget went on taxes in 2019

2021-11-23

by

2021-11-23

In 2019, the average household disposable income in Switzerland was CHF 6609 per month. A large part of this amount was used for the consumption of goods and services, namely CHF 4985. Households spent 31.0% of their budget on compulsory expenditure such as taxes, social expenditure and health insurance premiums, averaging CHF 2973.

Read More »