Switzerland Economic Outlook
September 27, 2016GDP results for Q2 showed that Switzerland’s economy accelerated over the first quarter, largely due to a notable rebound in the external sector’s contribution. Since then, however, Switzerland’s economy has been caught in the summer lull and experts foresee slower progress in H2 than in H1. In August, the manufacturing PMI rose higher within expansionary territory, and yet no clear signs of an acceleration were observed in the sector. Manufacturers decreased their stocks substantially, which indicates that they expect a slump in demand. The KOF leading indicator for economic sentiment confirmed the downbeat situation, falling below the long-term average of 100 points for the first time this year. The picture for consumers is not much brighter: retail sales contracted again and unemployment climbed to the highest rate in six years in July.
Switzerland Economy Data
5 years of Switzerland economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||-0.51||1.21 %||Oct 20|
|Exchange Rate||0.99||0.40 %||Oct 20|
|Stock Market||8,069||-0.30 %||Oct 20|
Switzerland Economic Growth
September 27, 2016The domestic side of the economy appears fragile but growth is expected to remain steady this year, mainly thanks to an improvement in external demand. Our panel projects that GDP will expand 1.2% in 2016, which is up 0.1 percentage points from last month’s estimate. In 2017, the panel sees economic growth speeding up to 1.4%.
Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.