Fiscal Balance in Switzerland
Switzerland - Fiscal BalanceWeakness persisted at the end of the first quarter as seen in the latest economic data. The PMI for both the manufacturing and services sectors fell to multi-year lows in March. Manufacturing was dragged down by a drop in production, which reflected softer demand in the export-oriented sector against the backdrop of a sluggish Euro area and a slowing global economy, while the services sector was likewise hit by a sharp slowdown in business activity growth. Moreover, retail sales fell again in February, indicating soft private consumption in the quarter. Although inflation has been anemic and the labor market is tight, real wage growth has been tepid, which was likely a contributing factor to weak retail sales. On a brighter note, the KOF economic barometer rebounded modestly in March, although it continued to point to a below-average pace of growth in the months ahead.
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||-0.44||6.27 %||May 13|
|Exchange Rate||1.01||-0.54 %||May 13|
|Stock Market||9,363||-0.82 %||May 13|
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May 3, 2019
Consumer sentiment among Swiss households deteriorated in the February–April period, with the index prepared by the State Secretariat for Economic Affairs (SECO) falling to minus to minus 6 points from minus 4 points in November-to-January.
May 2, 2019
Consumer prices rose 0.2% over the prior month in April, down from the 0.5% rise logged in March.
May 2, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.7% dip in annual terms in March, down from the revised flat print recorded in February (previously reported: -0.2% year-on-year).
Switzerland: Manufacturing PMI plunges into contractionary territory in April; services PMI rebounds to a nearly one-year high
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch tumbled to a nearly four-year low of 48.5 points in April from 50.3 points in March.
April 30, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—ticked down to 96.2 points in April from a revised 97.1 points in March (previously reported: 97.4 points).