Switzerland Economic Outlook
January 30, 2018Leading data for the fourth quarter has been robust, suggesting the broad-based economic upswing on display in the third quarter continued in earnest through the final stretch of the year. Both the KOF Economic Barometer and the procure.ch PMI reached their highest levels since mid-2011 in December, with the results illustrating the health of the real and external sectors, respectively. The banking sector has buoyed the domestic economy in recent months, while strong global demand and a weaker franc (against the euro) have increasingly propelled key exports. Moreover, these trends have wound up most of the slack in the labor market, with unemployment hitting a three-year low in December. Switzerland’s economic upturn has come at an opportune time; all eyes were on Davos in late January as world leaders and executives met for the annual World Economic Forum.
Switzerland Economic GrowthUpbeat economic sentiment is expected to foster greater business investment this year, while a weaker franc (against the euro) and the booming global economy should fuel export-driven growth. Moreover, a further tightening of the labor market should boost real wages and, in turn, lift household spending. Uncertainty over the direction of planned tax reforms will provide some limited downside risk. Met the why particular panelists expect GDP growth to accelerate to 1.9% this year, which is unchanged from last month’s forecast, before easing to 1.7% in 2019.
Switzerland Economy Data
5 years of Switzerland economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.08||6.27 %||Feb 22|
|Exchange Rate||0.93||-0.54 %||Feb 22|
|Stock Market||8,967||-0.82 %||Feb 22|
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Switzerland Economic News
February 12, 2018
Consumer prices fell 0.1% on a monthly basis in January, following a flat month-on-month reading in December.
February 1, 2018
In December, calendar-adjusted real retail sales grew 0.6% from the same month a year ago, coming in above the upwardly-revised 0.3% increase logged in November (previously reported: -0.2% year-on-year).
February 1, 2018
Consumer sentiment among Swiss households improved markedly in the November–January period, with the index climbing from minus 2 points to plus 5 points—coming in above market analysts’ expectations of plus 2 points and posting the highest level in seven years.
January 9, 2018
In November, the contraction in real retail sales moderated significantly, shrinking by a calendar-adjusted 0.2% from the same month a year ago.
January 8, 2018
Consumer prices were unchanged in December from a month earlier, contrasting November’s 0.1% decline.