Switzerland Economic Outlook
September 25, 2018The economy continued to advance at a strong pace in the second quarter as GDP expanded for the sixth consecutive period on a quarter-on-quarter basis. Nonetheless, economic growth moderated slightly from Q1, chiefly due to weaker fixed investment. On a brighter note, the external sector performed well, with export growth recovering markedly, driven by robust growth in the manufacturing sector and solid international demand. The economy appears to be losing steam in the third quarter. Retail sales contracted in July, indicating private consumption has likely softened. Moreover, the forward-looking KOF business sentiment indicator receded in August. On the flip side, the PMI hit a six-month high in August on surging output, a sign that growth in the manufacturing sector remains buoyant.
Switzerland Economic GrowthSwitzerland is expected to have the strongest expansion in several years in 2018, supported by a healthy domestic economy and strong activity in export-oriented industries. In 2019, however, economic growth is expected to slow as global trade momentum wanes, weighing on the external sector and investment. FocusEconomics panelists expect GDP growth of 2.5% this year and 1.8% next year, which is unchanged from last month’s forecast.
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||0.08||6.27 %||Oct 12|
|Exchange Rate||0.99||-0.54 %||Oct 12|
|Stock Market||8,660||-0.82 %||Oct 12|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Switzerland Economic News
October 5, 2018
Consumer prices rose 0.1% over the prior month in September, following a flat print in August.
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch fell to an over one-year low of 59.7 points in September from 64.8 points in August.
October 1, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded to a 0.3% increase in August, swinging from the downwardly revised 1.4 contraction in July (previously reported: -1.0% month-on-month).
September 21, 2018
The Swiss National Bank (SNB) maintained the target rate for the three-month Libor at between minus 1.25% and 0.25% at its 21 September meeting.
Switzerland: Economic growth softens in Q2 due to upward revision of Q1 data, but remains solid nevertheless
September 6, 2018
The economy of Switzerland continued to grow robustly in the second quarter, after having recorded exceptional growth in the first quarter—which was revised significantly upwards to an eight-year high of 1.0% quarter-on-quarter (previously reported: +0.6% quarter-on-quarter).