Economic development in the first half of 2015 fell following the shock appreciation of the Swiss franc. Visible exports decreased, while employment grew only slightly.
Twenty-seven larger companies reported a 3 per cent decrease in sales in the first half of 2015 as per value added tax data, according to Liechtensteins Economic Report by the Office for Statistics (AS). Goods exported by Liechtenstein companies, excluding exports to Switzerland, fell 7.6 per cent under the previous years figure. Meanwhile, exports declined slightly less in July and August 2015. Particularly noticeable were the declines in goods exports to European countries, at 8.8 per cent, and to Asia, at 9.6 per cent. However, goods exports to the USA increased by 2.1 per cent.
In mid-2015, 36,800 people were employed in Liechtenstein a 0.4 per cent increase over the previous year. While employment in the industrial sector fell 0.9 per cent by the middle of 2015, there was strong growth of more than 2 per cent in the financial services sector. 11 per cent of the industrial and commercial companies polled described the situation as good, while 80 per cent said it was satisfactory.