(FSO) - According to provisional results from the Federal Statistical Office (FSO), real turnover in the retail sector adjusted for sales days and holidays fell by 2.7% in February 2015 compared with February 2014 (in nominal terms -4.1%). Real, seasonally adjusted turnover in the retail sector fell by 1.2% in February 2015 compared with January 2015 (in nominal terms -2.1%).
The second day of the state visit by President François Hollande was influenced by the themes of sustainable development, dual-track vocational education and training, economic cooperation between Switzerland and France and cultural exchanges. President Simonetta Sommaruga and her guest travelled to the district of Affoltern before moving on to Zurich and Lausanne.
Federal Councillor Eveline Widmer-Schlumpf as Head of the Swiss delegation, Federal Councillor Johann Schneider-Ammann and Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, will attend the joint Spring Meetings of the International Monetary Fund and the World Bank Group in Washington D.C. from 17 to 18 April 2015. Important topics will be the global economic situation and development financing, as well as the consequences of low oil prices for both developing countries and advanced economies.
In 2014, electricity consumption in Switzerland fell by 3.1% to 57.5 billion kilowatt hours (kWh); domestic consumption (including losses occurring in transmission and distribution) was 61.8 billion kWh. Production at Switzerland's power plants rose by 1.9% to 69.6 billion kWh, or 67.3 billion kWh after deduction of the electricity consumed by storage pumps, which was 2.3 billion kWh. The electricity export surplus in 2014 was 5.5 billion kWh, 3.1 billion kWh above the value for the previous year; this led to a corresponding increase in the monetary export trade balance in Swiss francs of 442 million francs in contrast to 327 million francs in 2013.
(FSO) - In 2014, almost one in two salaried employees (44.6%) worked on a flexitime basis. One in five employed persons (20.5%) usually work on Saturday and around one in ten (10.6%) on Sunday. Major differences were observed in terms of working time models by level of education and gender. These are the provisional findings of the Swiss Labour Force Survey 2014, carried out by the Federal Statistical Office (FSO).
(FSO) - The Producer and Import Price Index calculated by the Federal Statistical Office (FSO) increased in March 2015 by 0.2% compared with the previous month, reaching 94.4 points (base December 2010 = 100). The rise is almost exclusively due to higher prices for petroleum and petroleum products. The price level of the whole range of domestic and imported products dropped by 3.4% year-on-year.
President Simonetta Sommaruga welcomed French President François Hollande to Bern on a two-day state visit – it is the first visit by a French president to Switzerland since 1998. EU policy, cooperation on international issues and economic relations are among the key topics to be addressed during President Hollande’s visit.
Switzerland is returning USD 19.4 million to Brazil. The sum relates to assets that had been confiscated by the Office of the Attorney General of Switzerland as part of criminal proceedings against several Brazilian nationals accused of money laundering.
The husband of the victim of a road traffic accident, caused on 6 October 2011 by a driver working for the Swiss embassy in Washington while performing his duties, is to receive compensation in the amount of USD 1.725 million. The Swiss Confederation will pay the sum of USD 1.425 million, while civil liability insurance will cover the remaining USD 300,000 of the total.
During its meeting today, the Federal Council approved the consolidated financial statements for 2014. The financial situation of the central and decentralized units of the Confederation remains good, with a surplus of CHF 1.3 billion generated for the year. The improvement of CHF 0.3 billion on the previous year was due to the operating result and the result from significant interests.