Tag Archive: Switzerland

Swiss Inflation Unchanged, HICP Difference Euro Area to Switzerland Down to 1.6 percent

2013-05-09

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2013-05-09

Switzerland Inflation Eurozone April 2013
Swiss inflation unchanged in April against March. The inflation difference between the Euro area and Switzerland on a new low. While in early 2012 it was near 4%, if has shrunk now to 1.6%. Details

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Global Purchasing Manager Indices

2013-04-11

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2013-04-11

Global PMIs December 3, 2012
Manufacturing Purchasing Manager Indices (PMIs) are considered to be the leading and most important economic indicators.   August 2013 Update Emerging markets: Years of strong increases in wages combined with tapering fears have taken its toll: Higher costs and lower investment capital available. EM Companies have issues in coping with developed economies. Some of them …

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March Swiss Inflation Up 0.2 percent MoM, Down -0.6 percent YoY

2013-04-09

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2013-04-09

swiss cpi eurozone march 2013 switzerland
Swiss inflation edged up 0.2% MoM when seasonal effects on clothes and footware were corrected. On a year basis, the CPI fell by 0.6%. Major reason were the falling energy prices, details

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European Wealth Reports: Why “Median” Italians are Far Richer than Germans

Italy home sales business loans 2000-2012
We explain why according to the European wealth reports "median" Italians are more wealthy than Germans. The main reasons are high savings and accumulation of wealth for the average family until the 1990s, often invested in homes and real estate. Low ECB interest rates finally let the value of the home rise strongly.

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Swiss Economic Indicators, March 2013

2013-03-27

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2013-03-27

GDP KOF Wages CPI PPI Trade Balance Consumption SECO Industrial Production Construction
  Switzerland continues to see a robust economy, even if the leading KOF indicator fell to 0.99 after highs of 1.68 in September. On other side, real and nominal wages continue to increase. As opposed to the KOF value, the UBS consumption indicator is rising. This shows that the internal economy is able to balance … Continue...

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IMF (2013): Sees Considerable Risks on SNB Balance Sheet

imf end snb cap franc, reuters
The International Monetary Fund (IMF) judges "that the SNB’s net revenue is subject to large fluctuations, and sizeable losses could occur if an appreciation of the Swiss franc was to take place before foreign exchange interventions were unwound."

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Difference between Eurozone and Swiss Inflation Rates Continues to Shrink

2013-03-09

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2013-03-09

Swiss CPI vs. Eurozone
The gap has fallen from 3.7% in February 2012 to 2.1%. Swiss CPI is rising on monthly basis, but still negative with 0.3% YoY.

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Latest Swiss Inflation Details



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Switzerland’s Slow Way to Inflation

2013-02-13

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2013-02-13

Swiss CPI Inflation January 2013
UPDATE February 2013 inflation data: The inflation figures for February showed the upwards movement we expected. On monthly basis inflation rose by 0.3%. The Swiss CPI is getting closer and closer to the one of the euro zone.   We explain the January 2013 data on Swiss inflation and indicate which components drive the consumer …

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The “Get Stress in May and Relax in October Effect” for the SNB

Sell in May, Come back in October
The U.S. economy regularly improves between October and March. The SNB should use the moment to sell some currency reserves. From May on, the typical seasonal effects will push the SNB into a defense.

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Global Purchasing Manager Indices, Update January 25

2013-01-26

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2013-01-26

Global PMIs December 3, 2012
Manufacturing PMIs are considered to be the leading and most important economic indicators.  After a strong slowing in summer 2012 and the Fed’s QE3, this is the fourth month of improvements in global PMIs   January 25th Expansion-contraction ratio: There are 15 countries that show values above 50 and 14 with values under 50. Positive-negative-change ratio: …

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Deflationary Risks? Comparing Swiss, Swedish and Norwegian Inflation and Exchange Rates

2013-01-24

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2013-01-24

House Prices Germany 7 cities vs. Greece
When the Swiss National Bank introduced the 1.20 lower limit, it wanted to eliminate the deflationary risks for Switzerland. For a certain period, namely when a global recession was looming in Autumn 2011, and the Swiss franc was hovering around 1.10, this risk was really present. In this post we would like to know if …

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Yearly Swiss Doomsaying and Swissmem’s Control over the Swiss National Bank

2013-01-11

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2013-01-11

Structure of the Swiss economy
  The same as every year in December/January: Swiss media and economists are doomsaying. This time they claim that the banking industry and the UBS job losses will bring Switzerland into trouble. Once again they do not understand that the Great Recession was only to a small part a banking crisis, but it was mostly a … Continue reading »

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ZKB may introduce negative interest rates for ordinary savers

2013-01-11

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2013-01-11

ZKB negative interest rate
After UBS and CS introduced negative interest rates for big clearing accounts, ZKB changes general conditions for a potential introduction of negative rates even for ordinary savers. Time to get in contact with Geneva cash storing warehouses? More about the ZKB move on

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Swiss Public Discussion Switched from Floor to Housing Bubble

2013-01-10

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2013-01-10

UBS Swiss Real Estate Bubble Index
Why there is no real estate bubble in Switzerland yet and why the SNB will help to create one   With the current recovery in the United States the discussion in Switzerland switched from a discussion about the EUR/CHF floor to the Swiss real estate boom, the so-called “housing bubble”. It seems that the Swiss …

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Swiss Purchasing Manager Index

Swiss SVME PM November 2012


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15 Years of Bubbles, Busts and Failed Monetary Policy

the stock market and dot com bubble


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