Category Archive: Swiss 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.

Euro Area Forecast to Grow 2.3percent in 2018

2017 was the year of the ‘Euroboom’ and the removal of political tail risks. Moving into 2018, we mark-to-market strong economic data, including carryover and revisions. We forecast annual GDP growth of 2.3% both in 2017 and 2018. Qualitatively, our forecasts reflect our view that the euro area has reached ‘escape velocity’, with important implications for investors.

Read More »

Farm Census 2016: Swiss farmers work well over 60 hours per week

For several years the average Swiss farmer has been working well over 60 hours per week. With their off-farm jobs, part-time farmers also work long hours. From 2010 to 2016, however, the hours worked fell by one hour per week. Over the same period, farms greatly increased the direct sale of farm products (+60%). Despite the long working hours, in many cases it is very likely that a family member will take over the farm. These are some of the latest...

Read More »

Gross domestic product by canton in 2015: Economic activity slowed down in Switzerland in 2015

Gross domestic product (GDP) growth slowed between 2014 and 2015 in most cantons. Nevertheless, the cantons of Neuchâtel (+ 4.4%), Schaffhausen (+ 2.9%), Schwyz (+ 2.9%) and Zug (+ 2.8%) recorded a clearly positive development. The canton of Zurich once again made the biggest contribution to the nationwide growth.

Read More »

Switzerland Unemployment in November 2017: Decreased from 3.1 percent to 3.0 percent seasonally adjusted

Registered unemployment in November 2017 - According to the State Secretariat for Economic Affairs (SECO) surveys, at the end of November 2017 there were 137'317 unemployed registered at the Regional Employment Centers (RAV), 2'517 more than in the previous month. The unemployment rate rose from 3.0% in October 2017 to 3.1% in the month under review. Compared with the same month of the previous year, unemployment fell by 11,911 persons (-8.0%).

Read More »

Swiss Consumer Price Index in November 2017: Up +0.8 percent against 2016, -0.1 percent against last month

The consumer price index (CPI) fell by 0.1% in November 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.8% compared with the same month of the previous year.

Read More »

Tourist accommodation during the 2017 summer season: Big increase in overnight stays in hotel

The hotel sector registered 21.3 million overnight stays in Switzerland during the summer tourist season (from May to October 2017). This represents an increase of 5.9% (+1.2 million overnight stays) compared with the same period a year earlier. With a total of 12.1 million overnight stays, foreign demand rose by 7.3% (+823,000). Domestic visitors registered a 4.0% increase (+356,000) with 9.2 million units.

Read More »

Swiss Retail Sales, October: -2.7 Percent Nominal and -1.6 Percent Real

Turnover in the retail sector fell by 2.7% in nominal terms in October 2017 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Read More »

Switzerland Q3 GDP: +1.2 percent QoQ

Switzerland’s real gross domestic product (GDP) grew by 0.6 % in the 3rd quarter of 2017,* boosted by manufacturing in particular. Many service sectors also contributed to growth, including trade, business services and healthcare. By contrast, value added fell slightly in construction and the financial sector.

Read More »

KOF Economic Barometer: Swiss Economy Gains Pace

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

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

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

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

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

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

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

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

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: Situation on the Labor Market

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 »

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

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.

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 »
Page 112345...10...Last »