Category Archive: 2.) Swiss Statistics – Press Releases

Swiss Producer and Import Price Index in September 2020: -3.1 percent YoY, +0.1 percent MoM

The Producer and Import Price Index rose in September 2020 by 0.1% compared with the previous month, reaching 98.0 points (December 2015 = 100). The rise is due in particular to higher prices for scrap as well as for basic metals and semi-finished metal products.

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Forecast: 2020 economic slump less serious than feared

The Expert Group is expecting GDP adjusted for sporting events to fall by 3.8 % in 2020 and unemployment to average 3.2 % over the year as a whole. Prospects for 2020 are therefore less negative than feared in the middle of the year. The momentum is likely to weaken as time goes on.

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Swiss Retail Sales, August 2020: 1.6 percent Nominal and 2.5 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 1.6% in nominal terms in August 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.1% compared with the previous month.

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Swiss Consumer Price Index in September 2020: -0.8 percent YoY, 0.0 percent MoM

The consumer price index (CPI) remained stable in September 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.8% compared with the same month of the previous year.

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GDP level corrected from 2.8 percent to 3.6 percent between 1995 and 2017 following revision of the national accounts

The results of the national accounts published by the Federal Statistical Office (FSO) have been revised upwards. New data series are available for the period 1995 to 2019. This revision was carried out in collaboration with the sector responsible for quarterly estimates at SECO, provides methodological improvements and takes into consideration new data.

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Swiss Producer and Import Price Index in August 2020: -3.5 percent YoY, -0.4 percent MoM

The Producer and Import Price Index fell in August 2020 by 0.4% compared with the previous month, reaching 97.9 points (December 2015 = 100). This decline was due in particular to lower prices for chemical and pharmaceutical products. Compared with August 2019, the price level of the whole range of domestic and imported products fell by 3.5%.

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Swiss Consumer Price Index in August 2020: -0.9 percent YoY, 0.0 percent MoM

The consumer price index (CPI) remained stable in August 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previous year.

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Swiss Retail Sales, July 2020: 3.4 percent Nominal and 4.1 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 3.4% in nominal terms in July 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.7% compared with the previous month.

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Rise of 380 000 jobs in tertiary sector between 2011 and 2018

28.08.2020 - In 2018, almost 70 000 additional jobs were counted in Switzerland, bringing the total to more than 5.2 million. As in the previous years, the tertiary sector, which accounted for some 4 million jobs in 2018, contributed greatly to this increase with a +1.5% rise in employment.

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Switzerland GDP Q2 2020: -8.2 percent QoQ, -9.3 percent YoY

Switzerland’s GDP fell by –8.2 % in the 2nd quarter of 2020, after decreasing by –2.5 % (revised) in the previous quarter.* Domestic economic activity was severely restricted in the wake of the pandemic and the measures are taken to contain it. The global economy also plunged into a sharp recession. However, Switzerland’s GDP decline remained limited in an international comparison.

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Swiss labor force survey in the 2nd quarter of 2020: labor supply

The number of employed persons in Switzerland fell by 1.6% (–82 000) between the 2nd quarter 2019 and the 2nd quarter 2020. Furthermore, the actual weekly hours per employed person declined by 9.5%.

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Swiss Producer and Import Price Index in July 2020: -3.3 percent YoY, +0.1 percent MoM

The Producer and Import Price Index rose in July 2020 by 0.1% compared with the previous month, reaching 98.3 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with July 2019, the price level of the whole range of domestic and imported products fell by 3.3%.

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Swiss Consumer sentiment makes a strong recovery but remains below average

Consumer sentiment in Switzerland has largely recovered from its slump in April. Expectations regarding general economic development have improved, but those regarding the labour market remain very negative. Accordingly, respondents believe that now is not a good time to make major purchases.

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Record fall in overnight stays in first half of 2020

Record fall in overnight stays in first half of 2020The hotel sector registered 9.9 million overnight stays in Switzerland in the first half of 2020, representing a decline of 47.5% (– 8.9 million overnight stays) compared with the same period a year earlier. With a total of 4.1 million overnight stays, foreign demand dropped by 60.1% (– 6.1 million).

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Swiss Consumer Price Index in July 2020: -0.9 percent YoY, -0.2 percent MoM

The consumer price index (CPI) fell by 0.2% in July 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previ-ous year.

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Swiss Retail Sales, June 2020: 0.4 percent Nominal and 1.1 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 0.4% in nominal terms in June 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 3.6% compared with the previous month.

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Swiss Producer and Import Price Index in June 2020: -3.5 percent YoY, +0.5 percent MoM

14.07.2020 - The Producer and Import Price Index rose in June 2020 by 0.5% compared with the previous month, reaching 98.1 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products as well as petroleum and natural gas. Compared with June 2019, the price level of the whole range of domestic and imported products fell by 3.5%.

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No lack of foreign tourism demand in 2019

07.07.2020 - Foreign demand was strong in 2019. The income side of the tourism balance of payments grew, reaching a record level of CHF 17.8 billion. At the same time, people living in Switzerland did not increase their expenditure when travelling abroad, despite price conditions that were more favourable. The tourism balance of payments was negative at CHF -798 million, according to initial estimates from the Federal Statistical Office (FSO).

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Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 5.6% in nominal terms in May 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 30.2% compared with the previous month.

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Supplementary accommodation: 0.7 percent increase in overnight stays in 2019, but decrease in demand for holiday homes

15.06.2020 - In 2019, supplementary accommodation posted a total of 16.7 million overnight stays, i.e. an increase of 0.7% compared with 2018. With 11.4 million units, Swiss visitors represented more than two-thirds of demand (68.6%), i.e. a rise of 2.4%. Foreign visitors registered a 2.8% decrease with 5.2 million units. With 4.4 million overnight stays (-3.8%), European visitors accounted for the majority of stays by foreign guests.

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