September 27, 2007 | by Schweizerische Nationalbank
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September 27, 2007, The talks held by the SNB delegates for regional economic relations with around 150 representatives from various economic sectors and industries yielded a picture of a broad-based economic boom in the period from June to August. Most representatives reported robust to strong growth in turnover and orders; some even spoke of a record year. Prospects were viewed as positive. There was little mention of any foreseeable slowdown in business. In view of the financial market turmoil in August, some respondents were somewhat concerned, however.
Given the high level of capacity utilisation and the positive earnings situation, many companies have invested in expansion or plan to do so. Difficulty recruiting qualified employees was regularly mentioned. Overall, the scope for price adjustments seems to have increased, making it more possible to pass higher commodity and energy prices on to customers. Once again, capacity shortages and problems with the procurement of commodities and primary products were cited as the main concern.
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Conclusion of this article: « SNB: The economic situation from the vantage point of the delegates »
Source: Schweizerische Nationalbank, Press release