Fiscal Balance in Switzerland
Switzerland - Fiscal BalanceThe economy strengthened in the first quarter, owing to a solid recovery in fixed investment and a pick-up in consumer spending. The upswing could have been short-lived, however, with data for Q2 signaling softer growth. Retail sales fell at a sharp rate in April, while the KOF economic barometer deteriorated further in May. On the political stage, the Swiss government has yet to pass the stalled Switzerland-EU framework agreement, which was designed to closer align Swiss law with EU regulations. Consequently, the European Commission could rule not to extend Switzerland’s stock-exchange equivalence when it expires on 30 June, in efforts to pressure Switzerland into signing the treaty. A non-renewal would block EU investors’ access to Swiss markets, and vice versa, which would disrupt the financial industry and likely undermine investor confidence.
Switzerland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-0.4||-0.2||0.6||0.4||1.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.61||6.27 %||Jul 11|
|Exchange Rate||0.99||-0.54 %||Jul 11|
|Stock Market||9,880||-0.82 %||Jul 11|
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July 4, 2019
Consumer prices were stable over the prior month in June, down from May’s 0.3% rise.
Switzerland: Manufacturing sector contracts at sharper pace in June; expansion in services sector slows
July 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch edged down to 47.7 in June from 48.6 in May, falling to the lowest level since October 2012.
July 1, 2019
Calendar-adjusted real retail sales fell 1.7% over the same month a year prior in May, following the 0.8% decline logged in April.
June 28, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy, which forecasts a six-month period—dropped to 93.6 points in June from May’s downwardly revised 93.8 points (previously reported: 94.4 points).
June 13, 2019
At its meeting on 13 June, the Swiss National Bank (SNB) maintained its current expansionary policy stance as had been expected by market analysts.