Fiscal Balance in Switzerland
Switzerland - Fiscal BalanceThe economy appeared to recover robustly in Q3 from Q2’s downturn as restrictions on activity at home were lifted. The KOF Economic Barometer hit a ten-year high in September amid positive signs from the manufacturing and hospitality sectors. Moreover, both the manufacturing and services PMIs rose throughout the quarter, and retail sales were solid in July and August. However, the recovery could be slowing heading into Q4. External demand is likely suffering from fresh lockdown measures abroad, and the federal government limited public gatherings in mid-October amid a surge in new Covid-19 cases. Moreover, although domestic restrictions remain laxer than in many European neighbors, stricter measures could be on the way, while the second wave of cases could dampen consumer confidence and domestic demand.
Switzerland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.6||0.3||1.2||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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January 7, 2021
Retail sales expanded 1.7% year-on-year in calendar-adjusted terms in November (October: +4.3%).
January 5, 2021
Consumer prices fell 0.10% in December over the previous month, softer than November's 0.25% fall.
January 4, 2021
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose from 55.2 in November to 58.0 in December, the highest reading in over two years and moving further above the 50-threshold signaling expansion in the manufacturing sector.
December 30, 2020
The KOF Economic Barometer—a leading composite indicator for the Swiss economy—rose from 103.7 in November to 104.3 in December, slightly above the long-term average of 100.
December 17, 2020
At its meeting on 17 December, the Swiss National Bank (SNB) left its policy rate and the interest rate on sight deposits at minus 0.75%—the world’s lowest.