Fiscal Balance in Switzerland
Switzerland - Fiscal BalanceWhile official national accounts data has yet to released, growth should have recovered in the fourth quarter. The rebound could be short-lived, however, as data for Q1 suggests weaker global demand and a sluggish Euro-area are starting to take a toll on the export-oriented economy. The KOF economic barometer fell again in January, hampered by falling confidence in the manufacturing and services sectors, and drearier export prospects. Moreover, the manufacturing PMI reaffirmed softer dynamics, losing ground in the same month on weaker production and softer hiring activity. A stronger franc due to safe-haven demand could also be weighing on export competitiveness. In other news, Switzerland and the UK signed a trade continuity agreement on 11 February that fortifies the current trade relationship and prevents new tariffs should the UK leave the EU without a deal.
Switzerland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-0.4||-0.2||0.6||0.4||1.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.41||6.27 %||Mar 20|
|Exchange Rate||0.99||-0.54 %||Mar 20|
|Stock Market||9,463||-0.82 %||Mar 20|
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March 21, 2019
At its meeting on 21 March, the Swiss National Bank (SNB) confirmed it would continue maintaining its current expansionary policy stance into 2019.
March 5, 2019
Consumer prices climbed 0.4% over the previous month in February, contrasting the 0.3% decline logged in January.
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose to 55.4 points in February from 54.3 points in January, coming in a hair above the index’s long-term average of 55.0 points.
March 1, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.4% over the same month of the prior year in January, descending from December’s revised 0.2% dip (previously reported: -0.3% year-on-year).
February 28, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—fell to 92.4 points in February from a revised 96.2 points in January (previously reported: 95.0 points).