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Switzerland KOF 91.12 (consensus 91.3) in Aug-23

- Switzerland's KOF Economic Barometer recorded a slight decline in economic sentiment in August 2023, with a value of 91.12, the lowest since June 2023.
- The index is 2.26 points below the one-year average and 9.12 points under the long-run average, suggesting a sustained decrease in economic sentiment and potential structural challenges for the Swiss economy.

Switzerland unemployment rate 1.91% in Jul-23

- Switzerland's unemployment rate reaches 1.91% in Jul-23, the highest level since May-23.
- The current rate is above both the one-year and long-run averages, indicating potential labor market challenges.

Switzerland unemployment rate 1.91% in Aug-23

- Switzerland's unemployment rate in August 2023 increased to 1.91%, the highest level since May 2023.
- Compared to the 1-year average, the unemployment rate was slightly lower by 0.09 percentage points, but it was 0.40 percentage points above the long-run average.

Switzerland PPI inflation -0.13% m-o-m in Jul-23

- Switzerland's PPI inflation experienced a significant decline of 0.13% month-on-month in July 2023, marking the lowest level since May 2023.
- The PPI inflation in July 2023 was 0.08 percentage points below the 1-year average and 0.23 percentage points lower than the long-term average, suggesting potential downward pressure on producer prices.