(28.12.2022) The increase in employment since the end of the health crisis is boosting demand for office space. According to Credit Suisse's "Swiss Office Property Market 2023" study, however, supply is not shrinking as sharply as in previous economic upturns due to the trend for remote working.
(28.12.2022) Swiss companies are facing a mixed year-end outlook. The KOF Business Situation Indicator, based on approximately 4,500 company reports, stood at 20.2 in November, down 7.7 points from October.
(21.12.2022) The hotel industry posted encouraging results in summer 2022. According to the Federal Statistical Office (FSO), 22.4 million overnight stays were recorded in Swiss accommodations between May and October 2022, an increase of 21.9% compared to summer 2021.
(21.12.2022) With rising energy prices and sluggish foreign demand, the Swiss economy is experiencing a slight slowdown. According to the latest report from the Organisation for Economic Co-operation and Development (OECD), growth in real terms is expected to reach 0.6% in 2023.
(14.12.2022) Construction continues to be stable in 2022. According to the Swiss Contractors' Association (SCA), industry sales reached CHF 6.2 billion in the third quarter. However, rising costs for materials and personnel are causing profit margins to fall.
(14.12.2022) Almost a quarter of the country's workforce works for a multinational company. In 2021, more than 35,000 companies with a total of nearly 1.5 million jobs and sales of close to CHF 2,000 billion belonged to a multinational group, according to the Federal Statistical Office (FSO).
(07.12.2022) A new bilateral agreement between Switzerland and the United Kingdom will be effective as of January 1, 2023. Different product categories will benefit from a simplified conformity assessment procedure.
(07.12.2022) Concern is growing in the mechanical and electrical engineering industries (MEM) sector. According to the Swissmem trade association, orders fell by 12.4% in the third quarter. In comparison with the second quarter of 2022, incoming orders from abroad have declined by as much as 21.1%.
(30.11.2022) Non-standard forms of employment have persisted in the Swiss labor market since 2020. According to the Federal Statistical Office (FSO, they account for 10% of employees. The rate is slightly higher among 15 to 24-year-olds and in certain elementary occupations.
(30.11.2022) Various factors are holding back companies from making ecological changes. According to the ERM Report 2022 published by the Lucerne University of Applied Sciences (HSLU), 65% of the companies surveyed see costs as a major obstacle to reducing their environmental impact.
(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.
