{"id":9277,"date":"2026-02-20T21:21:27","date_gmt":"2026-02-20T19:21:27","guid":{"rendered":"https:\/\/www.opi.ch\/?p=9277"},"modified":"2026-02-20T21:21:31","modified_gmt":"2026-02-20T19:21:31","slug":"barometre-02-26","status":"publish","type":"post","link":"https:\/\/www.opi.ch\/fr\/actualites\/barometre-02-26\/","title":{"rendered":"Barom\u00e8tre | F\u00e9vrier 2026"},"content":{"rendered":"\n

La conjoncture industrielle genevoise reste fragile. Comparativement \u00e0 d\u00e9cembre, les entr\u00e9es de commandes, les carnets et surtout le niveau de production ont enregistr\u00e9 un repli notable.<\/p>\n\n\n\n

N\u00e9anmoins, les pr\u00e9visions \u00e0 court terme se r\u00e9v\u00e8lent plus encourageantes : sur les trois prochains mois, les industriels anticipent une reprise des commandes et une hausse de la production.<\/p>\n\n\n\n

\u00c0 un horizon de six mois, les dirigeants d\u2019entreprises envisagent une am\u00e9lioration progressive de la situation g\u00e9n\u00e9rale de leurs activit\u00e9s.<\/p>\n\n\n\n

Inflation<\/h3>\n\n\n\n

L’inflation en Suisse au dernier trimestre 2025 reste extr\u00eamement faible, autour de 0% mensuel et avec une moyenne annuelle de 0,2%, bien en de\u00e7\u00e0 de la cible de la BNS (0-2%).<\/p>\n\n\n\n

En Europe, l’inflation dans la zone euro s’\u00e9tablit autour de 2,2% en septembre 2025, tir\u00e9e par les services et l’\u00e9nergie, tandis que l’UE moyenne est \u00e0 2,6%. \u00c0 l’\u00e9chelle mondiale, elle ralentit \u00e0 environ 4,2% en 2025 selon le FMI, avec des disparit\u00e9s (\u00c9tats-Unis \u00e0 2,65%, certains \u00e9mergents plus \u00e9lev\u00e9s). La Suisse b\u00e9n\u00e9ficie ainsi d’une stabilit\u00e9 remarquable compar\u00e9e \u00e0 ses voisins, gr\u00e2ce au franc fort qui att\u00e9nue l’inflation import\u00e9e.
Cette faible inflation favorise un pouvoir d’achat pr\u00e9serv\u00e9 et des taux d’int\u00e9r\u00eat bas, stimulant la consommation et les investissements. Cependant, elle risque une d\u00e9flation si elle persiste, freinant les d\u00e9penses et compliquant les ajustements salariaux ou des rentes AVS (pas de compensation automatique sous 4%). La BNS pourrait poursuivre ses baisses de taux pour soutenir la croissance.<\/p>\n\n\n\n

\u00c0 Gen\u00e8ve, hub financier et international \u00e0 fort co\u00fbt de la vie, une inflation quasi nulle stabilise les loyers et biens import\u00e9s, mais accentue les pressions sur le tourisme et le commerce de luxe face \u00e0 une Europe plus gonfl\u00e9e. Cela pourrait limiter les hausses salariales dans la finance et les ONG, tout en rendant la ville plus attractive pour les expatri\u00e9s, au risque d’une bulle immobili\u00e8re si les taux restent bas.<\/p>\n\n\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

La conjoncture industrielle genevoise reste fragile. Comparativement \u00e0 d\u00e9cembre, les entr\u00e9es de commandes, les carnets et surtout le niveau de production ont enregistr\u00e9 un repli notable. N\u00e9anmoins, les pr\u00e9visions \u00e0 court terme se r\u00e9v\u00e8lent plus encourageantes : sur les trois prochains mois, les industriels anticipent une reprise des commandes et une hausse de la production. […]<\/p>\n","protected":false},"author":4,"featured_media":7566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[18],"tags":[],"class_list":["post-9277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-barometre"],"_links":{"self":[{"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts\/9277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/comments?post=9277"}],"version-history":[{"count":1,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts\/9277\/revisions"}],"predecessor-version":[{"id":9280,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts\/9277\/revisions\/9280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/media\/7566"}],"wp:attachment":[{"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/media?parent=9277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/categories?post=9277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/tags?post=9277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}