(23.11.2022) The automotive sector is expecting a slight improvement in the economy. According to forecasts by the BAK Institute and the Swiss Automobile Association (SAVV), the number of new vehicles on the road in 2023 will increase by 13.6% compared with 2022.
(23.11.2022) The winter is looking relatively positive for the Swiss accommodation sector. According to a survey by HôtellerieSuisse, more than 50% of establishments expect their sales to equal or exceed their pre-Covid levels. However, rising costs are curbing this trend.
(16.11.2022) The first nine months of the year have proven tumultuous for Swiss companies. According to consulting firm Dun&Bradstreet, insolvencies rose by 23% in the first three quarters of 2022. On the other hand, company start-ups have fallen by 2%.
(16.11.2022) Small and medium-sized companies are struggling to improve their business situation. According to a survey of 200 manufacturing companies, the Raiffeisen SME PMI stagnated at 50.0 points in October, corresponding to the borderline between expansion (>50) and contraction (<50).
(09.11.2022) More and more consumers are considering taking advantage of discounts offered on Singles’ Day and Black Friday. According to a survey by the Swiss Retail Federation, nearly half of them are now more attentive to promotions because of rising prices.
(09.11.2022) Switzerland's exports and imports set a new record in the third quarter of 2022. According to the Federal Office of Customs (FOC), the volume of exports rose by 1.3% compared to the previous quarter.
(02.11.2022) After six months of inflation, the consumer price index (CPI) fell in September. The Federal Statistical Office (FSO) recorded a month-on-month decline of 0.2%. Europe-wide, the inflation rate reached 1.2% in the same period, according to Eurostat.
(02.11.2022) The outlook for the watch industry in 2022 is favorable. According to a study by consulting firm Deloitte, nearly 57% of executives in the sector expect good results this year, despite ongoing conflicts and geopolitical tensions.
(26.10.2022) The Swiss economy is likely to escape recession despite the economic turmoil. According to the KOF Swiss Economic Institute, gross domestic product (GDP) growth is expected to reach 2.3% in 2022 and 1% in 2023, before returning to normal at 1.7% in 2024.
(26.10.2022) The Swiss job market remains strong in the third quarter of 2022. The Swiss Job Market Monitor, published by the Adecco Group and the University of Zurich, confirms the stagnation trend observed since the beginning of the year with a 1% quarter-on-quarter increase.
(19.10.2022) The Swiss Economic Institute's (KOF) barometer of the ETH Zurich points to a slowdown in the Swiss economy by the end of 2022. In September, the barometer stood at 93.8, an increase of 0.3 points from its revised value of 93.5 in August.
(19.10.2022) For the 12th year in a row, Switzerland is ranked first in the Global Innovation Index published by the World Intellectual Property Organization (WIPO). Sweden has fallen behind the United States (2nd) and is now in 3rd place.