Switzerland SECO Economic Forecasts

Info

History

Chart

Impact:

Medium

Next Release:

Forecast:

Period: Jun 2015

What Does It Measure?

The SECO Economic Forecasts measure the expected economic conditions in Switzerland, assessing key indicators such as GDP growth, inflation rates, employment levels, and sectoral performance. This report is delivered quarterly and serves as a national indicator, providing insights into anticipated economic trends based on expert analyses.

Frequency

The SECO Economic Forecasts are released quarterly, typically about two months after the end of the previous quarter, and represent a final figure rather than a preliminary estimate.

Why Do Traders Care?

Traders pay close attention to the SECO Economic Forecasts as they provide critical insights into the Swiss economy's trajectory, influencing financial markets significantly. Changes in forecasts can lead to adjustments in the Swiss franc's value, Swiss equities, and bond yields, impacting overall investor sentiment.

What Is It Derived From?

The forecasts are derived from a combination of economic models, expert analyses, and data from various sectors, including surveys conducted among businesses and economic experts. SECO utilizes a systematic approach to evaluate and synthesize data from multiple sources to produce its forecasts.

Description

The SECO Economic Forecasts include assessments of future economic activity in Switzerland, indicating potential developments in key sectors such as manufacturing, services, and construction. These forecasts are usually reported year-over-year (YoY) to account for seasonal variations and provide a clearer picture of long-term trends affecting the Swiss economy.

Additional Notes

These forecasts are generally seen as coincident indicators, reflecting current economic conditions and anticipated trends. They can also provide context when compared to other economic reports, enhancing understanding of Switzerland's economic climate relative to its European neighbors and broader global trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CHF, Bullish for Stocks. Lower than expected: Bearish for CHF, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise