2022

An empty workspace.

Slight decline in office real estate supply

(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.
Workers in a warehouse.

Business situation gloomy

(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.
A person at the Lindenhof in the old town of Zurich.

Hotels: foreign travelers make a strong comeback

(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.
A woman in a supermarket with a long receipt.

Growth forecasts revised downwards for 2023

(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.
Workers consult a site plan.

Construction: rising costs put pressure on margins

(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.
A large corporate building.

Multinationals omnipresent in Switzerland

(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).
Economiesuisse Agreement on Technical Barriers to Trade Mutual Recognition Agreement MRA Switzerland United Kingdom simplified conformity assessment procedure approval

New bilateral agreement with the UK

(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.
SwissMEM MEM industries machinery electrical equipment metals third quarter 2022 exports decline in orders

Slowdown in the machinery industry

(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%.
Two employees in a grocery store.

Non-standard employment affects younger generations most

(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.
Various pictograms with a CO2 symbol in the center.

Companies remain relatively inactive in terms of ecological change

(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.
Several parked cars.

Automotive sector anticipates 2023 recovery

(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.
Someone switching off the lights.

Hotel industry rebound hampered by energy costs

(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.

Last modification 03.01.2022

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