(25.12.2024) The Swiss economy continues to grow at a steady but moderate pace. Gross domestic product (GDP) rose by 0.2% in the third quarter of 2024, compared to 0.4% in the previous quarter, driven primarily by robust activity in the construction sector (+0.8%).
(18.12.2024) The economic outlook in Switzerland remains mixed. The Raiffeisen SME PMI index declined in November 2024 to 50.1 points, down from 51.9 points in October, inching closer to the contraction threshold. This is largely due to weak demand in international markets.
(04.12.2024) The machinery, electrical equipment, and metal industries (MEM sector) face a period of uncertainty. Revenue fell by 4.2% year-on-year during the first three quarters of 2024, according to Swissmem.
(11.12.2024) Companies in Switzerland are finding it easier to recruit, and the labor market remains strong. In the third quarter of 2024, the number of jobs in the Swiss economy grew by 1.2% (+65,800) compared to the previous year, according to the Federal Statistical Office (FSO).
(27.11.2024) Cybersecurity continues to pose a significant challenge in Switzerland. Over the past three years, 4% of SMEs have fallen victim to a serious cyberattack, equating to approximately 24,000 businesses nationwide, according to a study by the University of Applied Sciences and Arts Northwestern Switzerland (FHNW).
(20.11.2024) Swiss tourism appears resilient despite the challenges of a strong franc and a mixed economic outlook. Compared to winter 2023-2024, overnight stays are expected to rise by 0.8% (+149,000), reaching a total of 18.1 million during the 2024-2025 season, according to a study by the BAK Economics Institute.
(13.11.2024) Economic recovery continues to struggle. The Economic Research Center's (KOF) barometer at ETH Zurich has dropped by 5.0 points to 99.5 in October (down from 104.5 in September). This marks the first time since January 2024 that the indicator has fallen below the average (100).
(06.11.2024) The Swiss economy is increasingly embracing artificial intelligence's potential. More than half (55%) of companies have started integrating this technology into their operations, according to a study by insurer AXA and the Sotomo Institute, which surveyed 300 SMEs.
(30.10.2024) The types of professions within the Swiss workforce have undergone significant changes over the past 50 years. For instance, the proportion of people working in intellectual and scientific fields jumped from 7.3% in 1970 to 26.8% in 2023, according to the Federal Statistical Office (FSO).
(23.10.2024) Swiss SMEs are conducting a significant portion of their business internationally. A third of them generate more than three-quarters of their revenue abroad, according to the Swiss International Entrepreneurship Survey (SIES) conducted by the School of Management Fribourg (HEG-FR).
(16.10.2024) The Swiss labor market is tightening. In September 2024, the number of unemployed people rose to 113,245, an increase of 22,419 compared to the same period in 2023 (+24.7%). During the same period, the unemployment rate edged up by 0.1 percentage points to reach 2.5%, according to the State Secretariat for Economic Affairs (SECO).
(09.10.2024) For 14 consecutive years, Switzerland has consistently ranked as the world’s most innovative economy. It retains its leading position, ahead of Sweden (2nd) and the United States (3rd), according to the 2024 Global Innovation Index by the World Intellectual Property Organization (WIPO).
