Switzerland Economic Outlook
July 24, 2018The latest data suggests that the Swiss economy remained on firm footing in the second quarter of the year. The unemployment rate dropped in Q2 to the lowest level in almost 11 years, boding well for private consumption growth. In addition, survey-based manufacturing PMI and KOF business sentiment indicators were largely positive and pointed to a robust, albeit slightly slower, increases in the second quarter. However, capacity constraints are becoming more prevalent in the private sector. Lengthy delivery times and rising purchase prices were a recurring theme in the latest survey reports and could limit growth in the second half of the year. This comes after the economy in Q1 was propelled by buoyant domestic demand and strong growth in the external sector, which expanded for the first time since Q1 2017.
Switzerland Economic GrowthThe country’s economic outlook is bright. Low unemployment will boost private consumption, while favorable credit conditions at home should support fixed investment growth. In addition, export-oriented industries are expected to benefit from solid overseas demand. Uncertainty over domestic tax reform and rising global protectionism, however, pose downside risks. Met the why particular panelists expect GDP growth of 2.2% this year, unchanged points 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.
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|Bond Yield||-0.13||6.27 %||Aug 15|
|Exchange Rate||0.99||-0.54 %||Aug 15|
|Stock Market||8,926||-0.82 %||Aug 15|
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Switzerland Economic News
August 2, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded from a steep 1.0% contraction in May to a 0.5% increase in June.
July 30, 2018
In July, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—inched down from 111.3 points in June to 111.1.
July 5, 2018
Consumer prices came in flat on a month-on-month basis in June, coming in below May’s 0.4% increase.
July 2, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch dropped from 62.4 points in May to 61.6 points in June.
July 2, 2018
On a month-on-month, calendar- and seasonally-adjusted basis, real retail sales swung from a 0.4% expansion in April to a steep 1.3% contraction in May.