Commodities exported by Liechtenstein companies were up in the first quarter of 2017 by 1.1 per cent compared to their value in the previous year, according to the latest economic report published by the Office of Statistics (AS). While growth slowed in comparison to the previous year, it remains on a positive path.
Nine out of 10 companies in the metals and non-metals industry rated the climate in the current year as good or satisfactory, as per the results of an economic survey of industry and the manufacturing sector. However, in the construction sector, six out of 10 companies polled are facing a downturn in orders and revenues.
Overall, the AS considers the negative effects of the unpegging of the Swiss franc in 2015 to have largely been overcome. The office referred to developments across the whole of last year, encompassing a 2 per cent increase in the number of employed people to around 37,470. Meanwhile, there was a 4 per cent rise in exports in 2016 compared to the previous year.
In the financial sector, client assets under management were up by 3.9 per cent over 2015. Following a decline in 2015, net new money inflows were up by CHF 0.6 billion. Only the commission and services business faced a decline, with a fall of 4.1 per cent.