(15.03.2023) Switzerland's economy is maintaining its upward trajectory, which started in December 2022. After nine months of below-average performance, the barometer of the Swiss Economic Institute (KOF) at ETH Zurich reached 100.03 points in February 2023.
(15.03.2023) The machinery industry, electrical equipment industry, and metal industry (MEM) along with related technological sectors are performing better than expected. Swissmem, the umbrella organization for the MEM sector, reported that despite the decline in international orders in the third quarter of 2022, industry sales increased by 9.4% for the year.
(08.03.2023) Switzerland remains a fertile ground for start-ups. According to the Swiss Venture Capital Report published by the information portal startupticker.ch, start-up investment has increased by almost 30% in one year, despite the relatively unfavorable economic climate.
(08.03.2023) The number of people employed in Switzerland rose slightly to 5.242 million at the end of 2022. According to the Federal Statistical Office (FSO), the unemployment rate (ILO) stood at 4.1% in Q4 2022, 0.3 percentage points lower than the previous year.
(01.03.2023) A study conducted by the Geneva School of Business Administration (HEG-GE) shows that the pandemic led to a 14% loss of turnover on average between 2019 and 2020 among SMEs in French-speaking Switzerland. The impact of the restrictions varied, however, depending on their coping strategy.
(01.03.2023) The number of break-ins reported by Swiss companies has decreased over the last 15 years, but prudence is still advised. According to a press release from the insurer AXA, nearly 1'300 incidents took place in 2022, with average damages of CHF 6'000.
(22.02.2023) Despite a reported recovery of the Swiss economic environment, the situation is still tense for SMEs at the start of the year. The Raiffeisen SME PMI stood at 48 in January 2023, below the expansion threshold and down 2.5 points compared to December 2022.
(22.02.2023) After a turbulent fall 2022, the Swiss economy seems to be recovering gradually. The Swiss Economic Institute ETH Zurich’s (KOF) Economic Barometer continued its upward trend and reached 97.2 points in January 2023, an increase of 5.7 points compared to December 2022.
(15.02.2022) Economic uncertainties have not shaken the M&A market. According to consulting firm KPMG, 647 mergers and acquisitions with Swiss involvement were completed in 2022, with a transaction volume of USD 138.5 billion.
(15.02.2022) Exports and imports reached record highs in 2022. According to the Federal Office for Customs and Border Security (FOCBS), exports increased by 7.2% in nominal terms, while imports surged by 16.8%.
(08.02.2023) Swiss business leaders fear that the year 2023 will be a mixed bag. Of the 95 CEOs questioned in the "Annual Global CEO Survey", published by the consultancy firm PWC, only 20% expect an increase in turnover in the next twelve months.
(08.02.2023) The number of people employed in the watch industry has risen sharply over the past year. As of September 30, 2022, 60,823 people worked for a company in this industry, an increase of 5.8% compared to 2021, according to the Federation of the Swiss Watch Industry (FH).
