2025

Three piles of stacked papers

Sharp rise in bankruptcies… and in business start-ups in 2025

(24.09.2025) A record number of Swiss companies had to cease operations due to insolvency. In August 2025, the number of liquidation proceedings surged by nearly 54% to 1,209 cases, according to figures published by the creditors’ association Creditreform.
A bar chart with an IMPORT TAXES sign and the US flag

Recovery prospects weakening under customs pressure

(17.09.2025) Orders are becoming scarcer for Swiss companies. In August, Raiffeisen Bank’s SME PMI index was revised down (-0.6 points) to 49.7. This is the first time the indicator has fallen below the growth threshold since March 2025.
A person in front of a machine holding a measuring device

Concerns in the tech sector

(10.09.2025) The Swiss tech industry (machinery, electrical equipment, metals, and related technology sectors) is going through a difficult period. In the second quarter of 2025, order volumes fell by 13.4% compared with the previous quarter, according to the industry association Swissmem.
A person in front of a laptop with a pictogram labelled SERVICE

The shift towards service-sector employment continues

(03.09.2025) Between 2011 and 2023, almost 770,000 jobs were created in Switzerland, mainly in the services sector, according to the latest Structural Business Statistics (STATENT) from the Federal Statistical Office (FSO).
A pallet with packages and an aircraft on a runway

Imports and exports affected by downturn in pharmaceutical sector

(27.08.2025) Foreign trade slowed in the 2nd quarter of 2025. Exports declined by -5.3% and imports by -7.1% compared with the previous quarter. The trade surplus amounted to CHF 13.4 billion, according to the Federal Office for Customs and Border Security (FOCBS).
People walking through a large hall with greenery in the background

Slowdown in job market

(20.08.2025) Job vacancies declined slightly in Q2 2025. Their number fell by 1% compared to the previous quarter, and by 3% year-on-year, according to the Swiss Job Market Index compiled by Adecco and the University of Zurich.
The American flag, the globe and cogs

Trust in the United States is deteriorating

(13.08.2025) Swiss business leaders express growing mistrust toward U.S. trade policy. More than 70% of senior executives believe that the threat of tariffs and the resulting geopolitical tensions have weighed on the Swiss economy, according to the Swiss Manager Survey 2025, conducted in May.
In front of the Matterhorn, a sign displays the text “AMERICA TAXES 39% SWITZERLAND” with the US and Swiss flags.

High US tariffs threaten Swiss exports

(11.08.2025) Since 7 August, Swiss exports to the US have been subject to a 39 per cent tariff. Switzerland considers this drastic levy to be unjustified and a considerable burden on local export companies.
A red car and a rising and falling curve

Automotive market slows in first half of 2025

(06.08.2025) The Swiss automotive market continues to weaken. In June 2025, 21,810 new passenger cars were registered in Switzerland, a decline of 3.9% compared to the same month in 2024, according to the umbrella association of vehicle importers, Auto-Suisse.
Shadows of people walking with backpacks and briefcases

Unemployment up 20% in one year

(23.07.2025) The Swiss job market remained stable in June 2025. Unemployment fell slightly, with 1,067 fewer registered individuals (-0.8%) than in May, but rose sharply year-on-year (+21.4%), according to the Federal Statistical Office (FSO).
Cargo with the Swiss and German flags in the foreground

Instability is affecting exports

(16.07.2025) Swiss SMEs showed modest improvement in June compared to May 2025, with the Raiffeisen SME PMI rising by 1.9 points to 52.4. However, a gap emerged between domestic and international markets: exporters' order books remain flat.
A man with his back to a pile of leaves higher than him

Uncertainty clouds outlook for Swiss businesses

(09.07.2025) Global economic headwinds continue to weigh on Switzerland’s economy. Growth is expected to slow to 1.1% of GDP in 2025, before rising to 1.4% in 2026 – still below its potential – according to the umbrella organization Economiesuisse.
The Swiss flag in front of illuminated skyscrapers

Switzerland, world leader in competitiveness

(02.07.2025) Switzerland’s economy has risen by one position in the global ranking of the world’s most competitive countries. For the first time since 2021, the Confederation once again tops the World Competitiveness Ranking published by the IMD Business School in Lausanne, ahead of Singapore and Hong Kong.
Linked paper figures with coins in the background

Crowdfunding benefits from lower key rates

(25.06.2025) After declining by nearly 15% in 2022 and 2023, the volume of funds raised dropped by only 1.5% last year, to 550.2 million Swiss francs, according to the Crowdfunding Monitor Schweiz from the Lucerne University of Applied Sciences and Arts (HSLU).
Three children sit on a bench with their backs to an Alpine landscape

Tourism: slight rebound expected this summer

(18.06.2025) Switzerland’s tourism sector is looking forward to a positive summer season in 2025. Forecasts point to 21 million overnight stays – a 0.7% rise compared to summer 2024. This growth is expected to continue into the winter (+0.5%), according to the KOF Swiss Economic Institute.
A watch, figures, and a person typing on a computer keyboard

Working hours remain stable

(11.06.2025) The Swiss worked more than 8 billion hours in 2024. Compared to the previous year, this represents an increase of 0.1%, according to the Federal Statistical Office.
A hall with yellow lines on the floor and machines on the sides

Swiss tech sector stalls

(04.06.2025) Switzerland’s machinery, electrical equipment, and metals (MEM) industries are struggling to regain momentum. In the first quarter of 2025, total revenue declined by 3% year-on-year, while orders remained flat (–0.3%), according to the umbrella association Swissmem.
A smiling man holds a golden rising arrow in his hand

Small and medium-sized enterprises remain optimistic!

(28.05.2025) Swiss small and medium-sized enterprises are looking to the future with confidence. According to Raiffeisen Bank’s 2024 SME study, 69% of employers rate their economic situation as 'good' or even 'very good,' while only 3% report experiencing difficulties.
A laboratory technician observes preparations under the microscope

Surge in investment in Swiss biotech sector

(21.05.2025) The biotechnology industry generated stable revenues of 7.2 billion Swiss francs in 2024, while fundraising and investments rose sharply (+25%) to 2.5 billion, according to the Swiss Biotech Report 2025.
Federal Statistical Office (FSO), Swiss nominal wage index, increase in real wages, income, remuneration, tertiary sector, secondary sector, 2024

Real wages rise in 2024

(14.05.2025) Overall, Swiss workers were better paid in 2024 than in 2023. The Swiss nominal wage index rose by 1.8% year-on-year. Real wages, adjusted for inflation, increased by 0.7%, according to the Federal Statistical Office (FSO).
A woman with a computer in a data centre

Employment rebounds slightly

(07.05.2025) The labor market is showing resilience at the start of the year. In the first quarter of 2025, the number of job vacancies rose by 2% compared to the previous quarter, according to the Swiss Job Market Index compiled by Adecco and the University of Zurich.
Two people shake hands against a backdrop of the Malaysian and Swiss flags

Switzerland signs free trade agreement with Malaysia

(30.04.2025) The European Free Trade Association (EFTA) – of which Switzerland is a member – signed a free trade agreement with Malaysia on April 11. In 2024, the trade in goods between Switzerland and Malaysia amounted to over 1.4 billion francs, according to economiesuisse.
A metalworker in a factory

The economic situation remained mixed at the start of 2025

(16.04.2024) Uncertainty continued to weigh on Swiss industrial activity in March. Raiffeisen Bank’s SME Purchasing Managers’ Index (PMI) fell by two points to 47.9, after coming close to the expansion threshold in February (49.9).
A pixelated Swiss flag on a blue and red background

Record number of patents filed in 2024

(09.04.2025) Switzerland boasts the highest density of inventions in the world. Nearly 10,000 patent applications were filed in 2024 – equivalent to 1,140 per million inhabitants. That’s a rate twice as high as Sweden’s (472), which holds second place in the Patent Index 2024.
A stylized US flag as a map. The border of the map is a wall.

Swiss exports affected by US tariff increases

(03.04.2025) On 3 April the Federal Council took note of the US government's announcements on the imposition of wide-ranging tariffs. These will affect all of the USA’s trading partners including Switzerland. The Federal Council will analyse the measures and their impact on Switzerland in greater detail. It is in contact with the affected industries and the US authorities. The Federal Council has instructed the EAER to begin preparatory work on a possible solution with the USA.

Last modification 11.02.2025

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