Swiss inflation reached 1.5% in October 2026, the Swiss National Bank (SNB) reported a profit of 44.2 billion francs over nine months and Binance lost around 6.3 billion dollars in a hack. This barometer brings together 15 figures from the week for the Swiss economy, banks, crypto, cybersecurity, artificial intelligence (AI) and startups. All of them come from 2clics.com articles published in late October and early November 2026.
Each figure is attributed to whoever published it. The table specifies when it is a forecast, an estimate, a survey or data supplied by the company itself.
Swiss economy: prices, economic outlook and trade
| Figure | What it measures | Article |
|---|---|---|
| 1.5% | Year-on-year inflation in October 2026, compared with 1.0% in September, according to the Federal Statistical Office (FSO) on 3 November 2026. Heating oil rose by 81.4% over one year. Excluding fuels and fresh and seasonal products, the increase is limited to 0.5%. This is an observation. | Swiss inflation in October |
| 61% | Share of chief financial officers who expect a better Swiss economic outlook over twelve months, according to the survey by the firm Deloitte reported by finews.ch on 29 October 2026. Only 8% feared a deterioration. The UBS-CFA barometer of financial analysts, for its part, fell by 17.9 points in October, to −15.3 points. These are two surveys of expectations, not observations. | chief financial officers and analysts |
| 18.7 million | Hotel overnight stays forecast for winter 2026-2027 by the KOF, the economic research centre of the Swiss Federal Institute of Technology in Zurich (ETH Zurich), on 30 October 2026. That is 0.1% fewer than the record winter of 2025-2026 measured by the FSO. The KOF expects a 1.7% decline in long-haul markets. This is a forecast. | Swiss tourism overnight stays |
| 99.8% | Share of current Swiss exports to China that will eventually be able to enter duty-free, according to the State Secretariat for Economic Affairs (SECO). The modernised free trade agreement was signed in Beijing on 30 October 2026, but Parliament still has to approve it. Watches will remain subject to the Chinese luxury tax, on 95.5% of the exported value. | Switzerland–China free trade agreement |
Banks and the National Bank
| Figure | What it measures | Article |
|---|---|---|
| 44.2 billion francs | SNB profit from 1 January to 30 September 2026, according to its press release of 30 October 2026. It stood at 25.2 billion at the end of June. Exchange rate gains reached 29.8 billion, compared with 2.5 billion at the end of June. The result remains provisional: the distribution to the Confederation and the cantons depends on the annual result. | SNB profit |
| 2.7 billion dollars | Net profit of UBS, the major Swiss bank, in the third quarter of 2026, published on 28 October 2026. Pre-tax profit reached 3.6 billion, up 27% year on year. On the same day, its chief executive Sergio Ermotti described the Council of States vote on its capital requirements as "very concerning". | UBS third-quarter results |
Crypto
| Figure | What it measures | Article |
|---|---|---|
| 6.3 billion dollars | Amount affected by the hack of Binance, the world's largest cryptocurrency exchange, confirmed on 29 October 2026. This figure comes from Binance; the analytics firm TRM Labs counts 6.36 billion. The previous record, around 1.5 billion, targeted Bybit in February 2025. Binance says around 3 billion has been frozen. | Binance hack |
| 60 jobs out of 120 | Job cuts in Switzerland at Bitcoin Suisse, a Zug-based cryptocurrency services provider, announced in September and recalled by Keystone-ATS on 2 November 2026. Its chief executive Andrej Majcen believes that Switzerland no longer ranks among the leading countries in the company's internal ranking. This is the view of a player that is relocating part of its activities. | Swiss crypto hub in decline |
Cybersecurity
| Figure | What it measures | Article |
|---|---|---|
| 38,000 pupils and 3,500 teachers | People whose data was copied during the cyberattack on the IT support platform for post-compulsory education in the canton of Vaud, announced by the canton of Vaud on 31 October 2026. The access had been detected on 26 October. Names, school email addresses and the content of requests to the support desk are affected; according to the canton, no sensitive data. | cyberattack on education in Vaud |
| 52,344 entries | Entries counted by the French Breaches platform in the files that a hacker claims to have exported from the extranet of Swiss Basketball, the Swiss basketball federation, according to Inside IT. The federation confirmed an incident on 31 October 2026, without yet knowing its extent. It is the second Swiss sports federation hit in one week, after Swiss Ice Hockey. | data theft at Swiss Basketball |
Artificial intelligence
| Figure | What it measures | Article |
|---|---|---|
| 608 | AI use cases in production at UBS in the third quarter of 2026, 81% more than a year earlier, according to Fintechnews Switzerland on 2 November 2026. More than 1,090 others are in development. These are figures published by the bank, without a definition of a "use case". | AI use cases at UBS |
| Nearly 90% | Share of Swiss software publishers who say that AI helps their teams develop, according to the Swiss Software Industry Survey by the University of Bern for the Swico association, reported by Inside IT on 30 October 2026. None of the companies surveyed reports fully autonomous software production; 11.8% use multi-agent orchestrations. The answers are self-reported. | Swiss publishers develop with AI |
Startups and fintech
| Figure | What it measures | Article |
|---|---|---|
| 2.32 million francs | Ceiling of the framework contract awarded by the Federal Office for Buildings and Logistics (FOBL) to SonarSource, an entity of the Geneva-based software publisher Sonar, for its SonarQube software, according to ICTjournal on 30 October 2026. The basic mandate represents only around 382,500 francs; the rest corresponds to options. | federal contract for SonarQube |
| 150,000 francs | Support from Venture Kick, a Swiss programme for young companies, to the startup Prismus for its AI platform Lupa, according to Startupticker.ch on 30 October 2026. Lupa already has 30 paying customers, all of them Swiss deep tech companies. This is not a funding round: no investor is taking a stake. | Venture Kick support |
| 109.3 million dollars | Adjusted operating profit of Temenos, a Swiss banking software publisher, in the third quarter of 2026, up 29%, according to finews.ch on 28 October 2026. Analysts had expected 99.9 million. The group now targets an increase of around 12% in this profit in 2026, compared with 9% previously: this is a management forecast. | Temenos profit forecast |
What the week says about trends
Price increases are accelerating, but their source remains narrow. Inflation rose from 1.0% to 1.5% in one month, while core inflation remains at 0.5%. According to the economist Arthur Jurus, of the financial group ODDO BHF, petroleum products account for 2.1% of the basket but explain nearly 85% of the monthly rise in the index.
Readings diverge on the future path of interest rates. The BAK Economics institute and Raiffeisen's economists consider a rise possible as early as 10 December 2026, the date of the SNB's next assessment. Banque Migros and ODDO BHF expect it rather in 2027. Among the analysts surveyed by UBS and CFA Society Switzerland, 45% forecast a rate rise in the short term, compared with one in three a month earlier.
Business sentiment and analyst sentiment are at odds. The chief financial officers surveyed by Deloitte judge their own sales first: 62% forecast an increase in their turnover. Financial analysts look at the economy as a whole, and their barometer is tipping into negative territory. Neither survey measures actual activity.
A weaker franc can be read in several of the week's figures. It drove the SNB's exchange rate gains, according to finews.ch. According to AFP, the rise in inflation since the summer is due to tensions over oil, but also to the franc's decline against the dollar. The KOF is also counting on it to keep Swiss holidaymakers in the country this winter. In October, on the other hand, the franc appreciated against the euro, and the effect of this movement on the SNB's result has not yet been quantified.
UBS is earning more, but the debate over its capital requirements remains open. Its pre-tax profit is up 27% year on year. The SNB, for its part, added around 19 billion francs in the third quarter, for a provisional profit of 44.2 billion over nine months. The National Council has yet to decide on the capital coverage of UBS's foreign subsidiaries.
In crypto and cybersecurity, the highest amounts often come from the companies affected, from hackers or from analytics firms. The Binance figure is the platform's own; the Swiss Basketball figure comes from files claimed by a hacker. Among these cases, only the canton of Vaud itself quantifies the people affected.
The previous week, employment dominated the barometer, with the 15,000 bankruptcies forecast by Allianz Trade for 2026 and the 358 jobs cut by Sunrise. These figures appear in the figures of the week to 28 October. The economic context is detailed in our article on the growth of the Swiss economy.
