(27.12.2023) Construction activity has slightly rebounded in the third quarter of 2023. The industry records a slight increase of 1.7% on a yearly basis, thereby reducing the deficit for the first three quarters to -4.6%, according to the Swiss Entrepreneurs' Society (SSE).
(20.12.2023) Following the Swiss public's endorsement in September 2022 of the amendment to the Federal Law on Old Age and Survivors' Insurance (AVS), the Value Added Tax (VAT) is set to increase starting January 1, 2024.
(13.12.2023) Foreign trade experienced a significant decline in October 2023. The decrease in exchanges in the pharmaceutical industry led to a drop of 10.7% in exports and 4.9% in imports, according to the Federal Office of Customs and Border Security (OFDF).
(06.12.2023) Swiss retailers expect a turbulent 2024. Despite a promising 2023, more than a third (36%) of businesses believe that the next fiscal year will end with below-average results, according to the Swiss Retail Federation.
(22.11.2023) After the trauma of the pandemic, the Swiss tourism sector is continuing its upward trend. While the summer season ended with record numbers, the winter season 2023-2024 is expected to see a growth of +0.4%, according to the forecasts from BAK Economics and SECO.
(16.11.2023) As of now, the Confederation is making Logib pay system available: Companies and organisations can use the webtool to develop a simple system for managing functions and salaries based on gender-neutral criteria.
(15.11.2023) Strong headwinds are blowing across the Swiss economic landscape. In October, Raiffeisen's PMI SME index dropped by nearly five points to 45.2. The banking institution highlights the industrial recession in the Eurozone and the appreciation of the franc.
(08.11.2023) In the third quarter of 2023, the Adecco Swiss Job Market index increased by 7% on a yearly basis, driven particularly by the strength of the mechanical, electrical, and metallurgical (MEM) industries sector.
(01.11.2023) Following the pandemic, Parliament is calling for an extension of the loss compensation period for businesses from seven to ten years. This change is necessary because, under current regulations, businesses may find themselves unable to offset some of their losses with future profits.
(01.11.2023) The cases of insolvency increased by 8% in the first three quarters of 2023, according to the consulting firm Dun & Bradstreet. Between January 1st and September 30th, 2023, 3,845 companies had to file for bankruptcy in Switzerland, compared to 3,552 in the same period in 2022.
(25.10.2023) Workplace absenteeism weighs heavily on the activities of companies. More than one in four SMEs (26%) experienced the negative consequences of absences due to mental health issues in 2022, according to a study on the labor market by the insurance company Axa.
(18.10.2023) The Swiss economy has managed to retain its innovation edge. The country retained first place for the thirteenth consecutive year, while Sweden overtook the United States for second position, according to the World Intellectual Property Organization (WIPO) 2023 Innovation Index.
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