Swiss wages will pace along with inflation

Wages in Switzerland should stagnate in real terms in 2017, according to UBS economists who foresee an average salary increase of 0.6%, with inflation estimated at 0.4% for the same period of time. The effective increase will be only 0.2%, lower than this year.
The causes that freezes wages are two: the collapse, in the beginning of the year, recorded by oil prices and the shock effects linked to exchange rates would bring inflation in slightly negative territory, about -0.3%. In 2016, therefore, the increase in real salary will be approximately 0.8%, far more pronounced 0.2% expected next year.

However research shows that companies have positive feelings looking at the future. Expectations over the the Swiss economy's trend improved considerably: more than half of companies expect a moderate recovery next year, while in 2015 only a quarter shared this opinion.

Chemical and pharmaceutical industry will register the highest nominal wage growth medium, 1% each, as well as the public sector. Computer services and telephony will mark a + 0.8%, as well as banking, insurance, and energy.

Most of the economic sectors will stop at + 0.5%. Only two, watchmaker and media, will stay on the spot, and it could cause a reduction in real wages.