Switzerland Economic Outlook
January 29, 2019Following a dismal quarter-on-quarter performance in the third quarter, the economy should have recovered, albeit modestly, at the end of 2018. Exports likely rebounded after dragging on growth in Q3, with weakness in the region appearing to have dissipated slightly. Moreover, unemployment remains very low by historical standards and should have supported household spending. Nevertheless, softer dynamics likely persisted. The manufacturing PMI remained weaker than results posted earlier in 2018 in December, while December’s KOF economic barometer signaled expectations of below-average growth in the short-term. Turning to political developments, the EU-proposed institutional framework agreement designed to closer align Swiss law with EU regulations is currently undergoing a Swiss public consultation. Several politicians, including President Maurer, have commented that the accord is unlikely to win a majority or pass a vote; however, the EU is not expected to make any further concessions on the deal or reopen negotiations.
Switzerland Economic GrowthGrowth prospects for 2019 are expected to be milder, although private consumption should pick up. The trade-reliant economy faces headwinds of slower growth in key trading partners and the region at large, while persisting uncertainty surrounding a possible hard Brexit and US-China tensions is a forefront risk to the outlook. Moreover, a more cautious outlook could weigh on business sentiment and investment. Met the why particular panelists expect GDP to grow 1.6% this year, which is unchanged from last month’s forecast, and to also expand 1.6% in 2020.
Switzerland Economy Data
5 years of Switzerland economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.29||6.27 %||Jan 30|
|Exchange Rate||0.99||-0.54 %||Jan 30|
|Stock Market||8,966||-0.82 %||Jan 30|
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Switzerland Economic News
April 2, 2019
Consumer prices increased a sharp 0.5% over the previous month in March, up from the 0.4% rise registered in February.
Switzerland: Manufacturing PMI plunges to over four-year low in March; services sector also loses momentum
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch tumbled to an over four-year low of 50.3 points in March from 55.4 points in February.
April 1, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.2% in annual terms in February, matching January’s revised 0.2% dip (previously reported: -0.4% year-on-year).
Switzerland: KOF economic barometer rebounds in March, but continues to signal below average growth in the months ahead
March 29, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—rose to 97.4 points in March from a revised 93.0 points in February (previously reported: 92.4 points), ending five months of consecutive declines.
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.