Category Archive: 2.) Swiss Statistics – Press Releases

Marked slowdown on the horizon

The expert group on business cycles has significantly downgraded its expectations for Switzerland's GDP growth to 2.0% for 2022 and 1.1% for 2023 (GDP adjusted for sporting events). After a positive first half of the year 2022, the Swiss economy now faces a deteriorating outlook. A tense energy situation and sharp price increases are weighing on economic prospects, especially in Europe.

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Swiss Producer and Import Price Index in August 2022: +5.5 percent YoY, -0.1 percent MoM

The Producer and Import Price Index fell in August 2022 by 0.1% compared with the previous month, reaching 109.6 points (December 2020 = 100). Lower prices were seen in particular for petroleum products, basic metals and semi-finished metal products. In contrast, chemical products became more expensive.

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Federal Council adopts report on income differences between women and men

At its meeting on 7 September 2022, the Federal Council adopted the report on the recording of the gender overall earnings gap and other indicators on gender-specific income differences. It provides new key figures for Switzerland and places them in relation to existing indicators. In addition, the report also offers interpretation aids to help place the results in an economic, social and institutional context.

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Swiss Retail Sales, July 2022: 4.6 percent Nominal and 2.6 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 4.6% in nominal terms in July 2022 compared with the previous year, with just under half of this upturn due to price increases. Seasonally adjusted, nominal turnover fell by 0.3% compared with the previous month.

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Swiss Consumer Price Index in August 2022: +3.5 percent YoY, +0.3 percent MoM

The consumer price index (CPI) increased by +0.3% in August 2022 compared with the previous month, reaching 104.8 points (December 2020 = 100). Inflation was +3.5% compared with the same month of the previous year.

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Sustained increase in Switzerland’s GDP in 2021

Switzerland's gross domestic product (GDP) increased by 4.2% in 2021 at the previous year’s prices. This marked increase follows the decline seen in 2020 (-2.4%) due to the start of the COVID-19 pandemic. Thanks to this recovery, the GDP is above the 2019 level, although parts of the Swiss economy continued to be affected by the pandemic situation.

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Number of businesses and jobs fell in 2020 for the first time since 2011

25.08.2022 - In 2020, the Swiss economy had almost 617 000 businesses and just under 5.3 million jobs. After uninterrupted growth since the start of the statistical series in 2011, the number of businesses and jobs has declined for the first time. Compared with 2019, around 900 fewer units and 33 000 fewer workplaces were recorded, a decline of 0.1% and 0.6% respectively.

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Swiss Producer and Import Price Index in July 2022: +6.3 percent YoY, -0.1 percent MoM

The Producer and Import Price Index fell in July 2022 by 0.1% compared with the previous month, reaching 109.7 points (December 2020 = 100). Lower prices were seen in particular for basic metals and semi-finished metal products. Compared with July 2021, the price level of the whole range of domestic and imported products rose by 6.3%.

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Swiss Retail Sales, June 2022: +3.2 percent Nominal and +1.2 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 3.2% in nominal terms in June 2022 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.1% compared with the previous month.

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Construction expenditure remains at the same level in 2021 for the second time in a row

17.07.2022 - Construction expenditure again remained stable in 2021 compared with the previous year. Investments in civil engineering rose by 1.0% and those in building construction fell by 0.4%. As a result, total investment in construction showed a decline of 0.1%. These are the provisional findings from the Construction Statistics from the Federal Statistical Office (FSO).

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Swiss Producer and Import Price Index in June 2022: +6.9 percent YoY, +0.3 percent MoM

The Producer and Import Price Index rose in June 2022 by 0.3% compared with the previous month, reaching 109.8 points (December 2020 = 100). Petroleum products in particular were more expensive. Compared with June 2021, the price level of the whole range of domestic and imported products rose by 6.9%.

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Medical practices played an active part in the vaccination campaign in 2021

In 2021, for the second consecutive year, the activity of medical practices was affected by the COVID-19 pandemic. Despite an improved situation compared with 2020, two out of five medical practices experienced reduced activity and one in five had to resort to short-time work. Three out of five primary care practices participated in the vaccination campaign that began at the end of 2020.

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Almost every sixth person lived in a household with arrears in 2020

Vehicle leases and arrears are the most common types of debt in Switzerland. In 2020, 15.5% of the population lived in a household with at least one vehicle lease and 14.9% in a household with at least one arrear in the past 12 months. 6.9% lived in a household with at least three different types of debt.

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Swiss Consumer Price Index in June 2022: +3.4 percent YoY, +0.5 percent MoM

The consumer price index (CPI) increased by 0.5% in June 2022 compared with the previous month, reaching 104.5 points (December 2020 = 100). Inflation was +3.4% compared with the same month of the previous year.

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Swiss Retail Sales, May 2022: 0.0 percent Nominal and -1.6 percent Real

Nominal retail trade turnover adjusted for sales days and holidays remained stable in May 2022 compared with the same month of the previous year with a rate of change of 0.0%. Seasonally adjusted, nominal turnover rose by 1.6% compared with the previous month.

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International tourism still strongly impacted by the COVID-19 crisis in 2021

The COVID-19 crisis continued to have a major impact on the tourism sector in 2021. After the shock of 2020, there was still no return to the pre-pandemic situation. The number of people travelling remained well below 2019 levels. Revenue (foreign visitors to Switzerland) in the tourism balance increased to CHF 10.1 billion, standing at 43.9% below its 2019 level.

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Construction prices rose by 4.9% in April 2022

The construction output price index recorded a rise of 4.9% between October 2021 and April 2022, reaching 109.2 points (October 2020 = 100). This result reflects an increase in building and civil engineering prices. Year on year, construction prices increased by 7.7%.

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Swiss Producer and Import Price Index in May 2022: +6.9 percent YoY, +0.9 percent MoM

The Producer and Import Price Index rose in May 2022 by 0.9% compared with the previous month, reaching 109.4 points (December 2020 = 100). In particular, petroleum products, petroleum and natural gas as well as chemical products saw higher prices. Compared with May 2021, the price level of the whole range of domestic and imported products rose by 6.9%.

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Increase in the number of hours worked in Switzerland in 2021

The total number of hours worked in Switzerland reached 7.798 billion in 2021, representing an increase of 2.5% compared with the previous year. The pre-pandemic level has not yet been regained, however. According to the latest results from the Federal Statistical Office (FSO) and the Statistical Office of the European Union (Eurostat), the volume of work among 20-64 year olds in Switzerland increased slightly more than in the EU.

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54.0 percent increase in overnight stays in the Swiss hotel sector during the 2021/2022 winter season

The Swiss hotel sector registered 14.6 million overnight stays during the winter tourist season (November 2021 to April 2022). Compared with the same period last year, overnight stays increased by 54.0% (+5.1 million overnight stays). With a total of 5.6 million overnight stays, foreign demand increased by 196.7% (+ 3.7 million). Domestic visitors registered an 18.9% increase (+1.4 million) with 9.0 million units.

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