Swiss-economic | Forex Blog

February 26, 2010

Swiss Feb Kof barometer strongest since late 2007

Filed under: OANDA News — Tags: a-faster-pace, a-slower-pace, and-confirming, barometer-rose, decades-over, february, forex round up, from-the-worst, have-pointed, overall-growth, senior-broker, summer, swiss-economic, the-recovery — admin @ 6:16 am

Switzerland’s leading KOF economic growth barometer rose to its highest since December 2007 in February, beating analysts’ expectations and confirming views that the economy was on track for a solid recovery.

The barometer increased to 1.87 points in February, the KOF Swiss Economic Institute said, more than the 1.80 reading forecast by analysts ECONCH. January’s reading was revised up to 1.81 from 1.77.

The barometer surged last year, though the monthly increases have slowed recently, indicating that the recovery would likely continue at a slower pace. Switzerland emerged from the worst recession in decades over the summer and several recent indicators have pointed to further recovery, though economists expect joblessness to peak later
this year.

Reuters

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February 25, 2010

Swiss employment outlook improves after Q4 dip

Filed under: OANDA News — Tags: chf, compared, credit-score, employment, industrial, japan, nation, office, only-minimally, payrolls-were, swiss-economic, the-employment, third-quarter, thursday-moody — admin @ 4:49 am

The employment outlook in Switzerland is improving, data showed on Thursday, after the number of jobs dipped only minimally at the end of 2009, showing that the economic recovery may reach the labour market soon.

Non-farm payrolls fell by 0.1 percent year-on-year in the last three months of 2009 to 3.96 million, the Federal Statistics Office said.

However, payrolls were 0.1 percent higher compared with the third quarter when also adjusted for seasonal factors, and the statistics office’s index for the employment outlook rose by 0.4 percent.

“The indicators point to a rise in employment in the first quarter,” the office said. The seasonally adjusted index for vacancies pointed to a positive development in the industrial sector as well as in the service sector.

Reuters

Economic Indicators

For more Swiss Economic Indicators visit FXEconostats

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Reserve Bank of Australia Likely to Raise Interest Rates

Filed under: OANDA News — Tags: board-members, central bank watch, certainly-lift, compared, finalised-and, glenn-stevens, interest-rate, only-minimally, reserve, swiss-economic, the-employment, their-fellow — admin @ 4:45 am

THE Reserve Bank will almost certainly lift the official interest rate by 25 points next Tuesday.

Both the governor Glenn Stevens and his deputy Ric Battellino have ‘told us so.’

Not, obviously, in specific words. Indeed they haven’t even yet ‘told’ their fellow board members. The management’s recommendation will be finalised and sent to board members today.

Herald Sun

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February 8, 2010

Swiss unemployment rises in January, but below expectations

Filed under: OANDA News — Tags: 4-2-percent-, 4-6-percent-, but-economists, deep-recession, economic-data, had-forecast, previous, rate-dropped, state, swiss-economic, the-previous — admin @ 4:33 am

The Swiss unemployment rate rose to a non-seasonally adjusted 4.5 percent in January from 4.4 percent in the previous month, the State Secretariat for Economic Affairs said.

In seasonally adjusted terms, the unemployment rate dropped to 4.1 percent from the previous month’s 4.2 percent. Economists had forecast the non-adjusted jobless rate would rise to 4.6 percent. ECONCH Switzerland emerged from a deep recession last summer and recent economic data point to recovery, but economists expect joblessness to peak later this year.

Reuters

Economic Indicators

For more Swiss Economic Indicators visit FXEconostats

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