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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Swiss Trade Balance: 2020 salt exports: lowest in 30 years

2021-03-09

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2021-03-09

Swiss foreign trade in salt has plummeted since 2010. Over the past ten years, exports have plunged 91% to 6,084 tonnes and imports by 69%. In 2019 and 2020, the amount of salt imported was greater than that exported, a phenomenon that had not occurred since 2009.

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Swiss Trade Balance An exceptional year 2020: border crossings closed and online commerce booming

2021-03-04

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2021-03-04

Switzerland Trade Balance, February 2021
Bern, 04.03.2021 - The 2020 statistics of the Federal Customs Administration (AFD) are strongly influenced by the COVID-19 pandemic. In order to reduce the risk of transmission of the coronavirus, Switzerland has reintroduced systematic checks at national borders for the first time since joining Schengen, imposed entry restrictions and temporarily closed small border posts.

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Swiss Retail Sales, January 2021: -0.9 percent Nominal and -0.5 percent Real

2021-03-01

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2021-03-01

Switzerland Retail Sales YoY, January 2021
Turnover adjusted for sales days and holidays fell in the retail sector by 0.9% in nominal terms in January 2021 compared with the previous year. Seasonally adjusted, nominal turnover fell by 4.9% compared with the previous month. The economic sectors were affected to varying degrees.

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Employment in Switzerland fell in 4th quarter 2020 for the third consecutive time

2021-02-27

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2021-02-27

Switzerland Employment Level Q4 2020
In the 4th quarter 2020, the total employment (number of jobs) fell by 0.4% in comparison with the same quarter a year earlier (+0.1% with previous quarter). Among women, the decrease was 0.6%, while employment among men fell by 0.3%. In full-time equivalents, employment in the same period declined also by 0.4%.

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Switzerland GDP Q4 2020: +0.3 percent QoQ, -1.6 percent YoY

2021-02-26

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2021-02-26

Switzerland Gross Domestic Product (GDP) QoQ, Q4 2020
Switzerland’s GDP growth slowed to 0.3 % in the 4th quarter after reaching 7.6 % in the 3rd quarter.  Major losses were recorded in the services directly affected by the tightening of the containment measures. Other industries continued to recover. On the whole, the second wave of the coronavirus until the end of 2020 had much less of an impact on the economy than the first wave did last spring.

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Swiss Producer and Import Price Index in January 2021: -2.1 percent YoY, +0.3 percent MoM

2021-02-23

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2021-02-23

Switzerland Producer Price Index (PPI) YoY, January 2021
23.02.2021 - The Producer and Import Price Index rose in January 2021 by 0.3% compared with the previous month, reaching 100.3 points (December 2020 = 100). The rise is due in particular to higher prices for scrap, petroleum products, as well as for basic metals and semi-finished metal products. Compared with January 2020, the price level of the whole range of domestic and imported products fell by 2.1%.

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Secondary sector with strong production and turnover losses in the 4th quarter and for the whole of 2020

2021-02-19

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2021-02-19

Secondary sector production declined 3.1% in 4th quarter 2020 in comparison with the same quarter a year earlier. Turnover fell by 4.4%. For 2020 as a whole which was shaped by the Covid 19 pandemic, there were strong decreases in production (-3.3%) and turnover (-5.2%).

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Swiss Trade Balance January 2021: foreign trade starts the year on a positive note

2021-02-18

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2021-02-18

Swiss exports and imports, seasonally adjusted (in bn CHF), January 2021
After declining in December 2020, Swiss foreign trade again showed a strong increase at the start of 2021. In January and in seasonally adjusted terms, exports rose 5.4% to 18.9 billion francs and imports by 3.3% to 15.3 billion. In both directions of trafficking, the boom relied heavily on chemicals and pharmaceuticals. The trade balance closed with a surplus of 3.6 billion francs.

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Average annual inflation rate for residential property in 2020 was 2.5 percent

2021-02-16

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2021-02-16

IMPI – Swiss Residential Property Price Index, Q4 2020
16.02.2021 - The Swiss residential property price index (IMPI) increased in the 4th quarter 2020 compared with the previous quarter by 2.3% and reached 103.1 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 3.1%. The average annual inflation rate for residential property in 2020 was 2.5%.

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Switzerland Unemployment in January 2021: risen to 3.7percent, seasonally adjusted remained at 3.5percent

2021-02-08

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2021-02-08

Switzerland Unemployment Rate n.s.a., October 2020
Registered unemployment in October 2020 - According to surveys by the State Secretariat for Economic Affairs (SECO), 149,118 unemployed people were registered with the regional employment centers (RAV) at the end of October 2020, 558 more than in the previous month. The unemployment rate remained at 3.2% in the month under review. Compared to the same month last year, unemployment increased by 47,434 people (+ 46.6%).

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Swiss Retail Sales, December 2020: 3.5 percent Nominal and 4.7 percent Real

2021-02-01

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2021-02-01

Switzerland Retail Sales YoY, December 2020
Retail trade turnover adjusted for sales days and holidays showed nominal growth of 3.5% in December 2020 compared with the same month of the previous year. Seasonally adjusted, nominal turnover grew by 2.2% compared with the previous month. Despite the impact of the Covid-19 pandemic on the whole of 2020, provisional results show nominal growth of 0.1%.

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Swiss Trade Balance Foreign trade 2020: historic decline against the backdrop of a pandemic

2021-01-28

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2021-01-28

Switzerland Trade Balance, December 2020
Switzerland's 2020 foreign trade will bear the brunt of the consequences of the COVID-19 pandemic: exports (-7.1% to 225.1 billion francs) and imports (-11.2% to 182.1 billion) posted a historic decline. Never before have they suffered such a significant quarterly decline as in the second quarter of 2020. Foreign trade has fallen back to its level recorded three years earlier. The trade balance closed the year with a record surplus of CHF 43.0...

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Swiss Producer and Import Price Index in November 2020: -2.3 percent YoY, -0.5 percent MoM

2021-01-19

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2021-01-19

Switzerland Producer Price Index (PPI) YoY, December 2020
The Producer and Import Price Index rose in December 2020 by 0.5% compared with the previous month, reaching 98.4 points (December 2015 = 100). Compared with December 2019, the price level of the whole range of domestic and imported products fell by 2.3%.

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Swiss Retail Sales, November 2020: 1.0 percent Nominal and 1.7 percent Real

2021-01-08

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2021-01-08

Switzerland Retail Sales YoY, November 2020
Turnover adjusted for sales days and holidays rose in the retail sector by 1.0% in nominal terms in November 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.4% compared with the previous month.

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Switzerland Construction prices fell by 0.2 percent in October 2020

2020-12-18

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2020-12-18

Development of the construction price index in Switzerland, October 2020
The construction price index recorded a decline of 0.2% between April and October 2020, reaching 99.7 points (October 2015 = 100). This result reflects a decline in building prices and a slight growth in civil engineering prices. Year on year, construction prices remained stable.

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Swiss Trade Balance November 2020: exports are on the rise

2020-12-17

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2020-12-17

Swiss exports and imports, seasonally adjusted (in bn CHF), November 2020
In November 2020, Swiss foreign trade stood out with an increase in both directions of traffic. In seasonally adjusted terms, exports advanced 4.8% and imports 4.2%. Falling over the previous two months, exports resumed their growth path and the trade balance closed with a surplus of 3.1 billion francs.

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Swiss Producer and Import Price Index in November 2020: -2.7 percent YoY, -0.1 percent MoM

2020-12-15

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2020-12-15

Switzerland Producer Price Index (PPI) YoY, November 2020
The Producer and Import Price Index fell by 0.1% in November 2020 compared with the previous month. The index stood at 97.9 points (December 2015 = 100). This decline was due in particular to lower prices for petroleum products and pharmaceutical preparations.

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Swiss Consumer Price Index in November 2020: -0.7 percent YoY, -0.2 percent MoM

2020-12-02

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2020-12-02

Switzerland Consumer Price Index (CPI) YoY, November 2020
02.12.2020 - The consumer price index (CPI) fell by 0.2% in November 2020 compared with the previous month, reaching 101.0 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).

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Switzerland GDP Q3 2020: 7.2 percent QoQ, -1.6 percent YoY

2020-12-01

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2020-12-01

Switzerland Gross Domestic Product (GDP) QoQ, Q3 2020
Switzerland’s GDP grew by 7.2 % in the 3rd quarter of 2020,  after decreasing by a total of 8.6 % in the first half of the year. Domestic demand and parts of the service sector recovered significantly, while international developments had an adverse impact on exports. Download press release Gross domestic product in the 3rd quarter of 2012 - Still 2 % below pre-crisis level(PDF, 4 pages, 319 kB)...

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Swiss Retail Sales, October 2020: 2.6 percent Nominal and 3.1 percent Real

2020-11-30

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2020-11-30

Switzerland Retail Sales YoY, October 2020
30.11.2020 - Turnover adjusted for sales days and holidays rose in the retail sector by 2.6% in nominal terms in October 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 3.3% compared with the previous month.

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