Switzerland Economic Outlook
August 28, 2018The Swiss economy appears to have remained in excellent shape over the second quarter, although recent data indicates a modest deceleration heading into H2 2018. Economic activity was likely supported by a decade-low unemployment rate over the quarter, buttressing private consumption, as well as by a solid performance from the manufacturing sector, with the average PMI reading in the quarter remaining much higher than its long-term average. However, the forward-looking KOF business sentiment indicator’s average reading in Q2 reached a near three-year low, while consumer confidence for Q3 dropped sharply, which indicates a loss of momentum is likely in the third quarter. Capacity utilization constraints in the manufacturing sector also remain a major problem: The July PMI showed both delivery times and input prices continued to rise rapidly, which could limit growth in the sector going forward.
Switzerland Economic GrowthGrowth is set to climb higher this year thanks to a tight labor market supporting private spending, and favorable domestic credit conditions, which should buttress capital expenditures. Although the external sector should continue to post a solid performance, it will likely be impacted by moderating global growth and rising trade tensions in coming quarters. Met the why particular panelists expect GDP growth of 2.2% this year, unchanged from last month’s forecast, and 1.8% next year.
Switzerland Economy Data
5 years of Switzerland economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.04||6.27 %||Sep 24|
|Exchange Rate||0.96||-0.54 %||Sep 24|
|Stock Market||8,946||-0.82 %||Sep 24|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Switzerland Economic News
September 21, 2018
The Swiss National Bank (SNB) maintained the target rate for the three-month Libor at between minus 1.25% and 0.25% at its 21 September meeting.
Switzerland: Economic growth softens in Q2 due to upward revision of Q1 data, but remains solid nevertheless
September 6, 2018
The economy of Switzerland continued to grow robustly in the second quarter, after having recorded exceptional growth in the first quarter—which was revised significantly upwards to an eight-year high of 1.0% quarter-on-quarter (previously reported: +0.6% quarter-on-quarter).
September 4, 2018
Consumer prices were flat on a month-on-month basis in August, contrasting July’s 0.2% contraction.
September 3, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch leaped from 61.9 points in July to 64.8 points in August.
September 3, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales registered a steep 1.0% contraction in July, after a brief rebound in June which saw sales increase 0.3% (previously reported: +0.5%).