{"id":9390,"date":"2026-03-14T21:46:04","date_gmt":"2026-03-14T19:46:04","guid":{"rendered":"https:\/\/www.opi.ch\/?p=9390"},"modified":"2026-03-14T21:46:06","modified_gmt":"2026-03-14T19:46:06","slug":"barometre-03-26","status":"publish","type":"post","link":"https:\/\/www.opi.ch\/fr\/actualites\/barometre-03-26\/","title":{"rendered":"Barom\u00e8tre | Mars 2026"},"content":{"rendered":"\n

La conjoncture industrielle genevoise reste difficile. N\u00e9anmoins, les entr\u00e9es et carnets de commandes enregistrent une progression sensible par rapport \u00e0 janvier. La production, apr\u00e8s trois mois de repli, se stabilise. Pour les trois prochains mois, un renforcement de l\u2019activit\u00e9 et des commandes est anticip\u00e9, tandis qu\u2019\u00e0 l\u2019horizon de six mois, une am\u00e9lioration plus nette de la situation des affaires est envisageable.<\/p>\n\n\n\n

Situation sur Gen\u00e8ve, Suisse et \u00e0 l’\u00e9chelle internationale<\/h3>\n\n\n\n

La conjoncture industrielle genevoise demeure fragile, en ligne avec la faiblesse de l\u2019industrie manufacturi\u00e8re suisse qui affiche encore un PMI (Purchasing Managers’ Index<\/strong>) sous le seuil d\u2019expansion malgr\u00e9 un l\u00e9ger rebond par rapport \u00e0 fin 2025. La demande \u00e9trang\u00e8re reste mod\u00e9r\u00e9e pour les secteurs cl\u00e9s d\u2019exportation genevois (montres, bijouterie, chimie-pharmaceutique), affect\u00e9s par les nouveaux droits de douane et un commerce mondial moins dynamique.<\/p>\n\n\n\n

Sur le plan macro\u00e9conomique, l\u2019\u00e9conomie suisse cro\u00eet modestement, avec un PIB attendu autour de 1\u20131,2% en 2026, port\u00e9 surtout par les services et la consommation interne plut\u00f4t que par l\u2019industrie. L\u2019inflation reste tr\u00e8s faible (0,2\u20130,5%), limitant la pression sur les co\u00fbts internes mais restreignant les marges de man\u0153uvre de la BNS, qui maintient une politique mon\u00e9taire neutre.<\/p>\n\n\n\n

\u00c0 l\u2019\u00e9chelle internationale, les perspectives industrielles genevoises sont marqu\u00e9es par un contexte g\u00e9opolitique complexe : la guerre en Ukraine entretient l\u2019incertitude en Europe de l\u2019Est, tandis que l\u2019aggravation du conflit au Moyen-Orient alimente la volatilit\u00e9 des prix de l\u2019\u00e9nergie et des mati\u00e8res premi\u00e8res, avec des risques de nouveau choc inflationniste pour l\u2019Europe. Cela se traduit pour les entreprises industrielles par une combinaison d\u00e9licate de co\u00fbts d\u2019intrants en hausse, demande \u00e9trang\u00e8re irr\u00e9guli\u00e8re et conditions financi\u00e8res qui ne s\u2019assouplissent pas davantage, la Fed et la BCE consid\u00e9rant \u00eatre d\u00e9j\u00e0 en zone de politique neutre sans annoncer de baisses de taux suppl\u00e9mentaires marqu\u00e9es en 2026.<\/p>\n\n\n\n

Le barom\u00e8tre industriel genevois de f\u00e9vrier 2026 reste en territoire n\u00e9gatif, mais ne signale pas de d\u00e9gradation<\/strong> drastique : la stabilisation observ\u00e9e au niveau suisse, le soutien de la demande int\u00e9rieure et la r\u00e9silience des services ouvrent la perspective d\u2019un am\u00e9lioration graduelle<\/strong> au cours de l\u2019ann\u00e9e, \u00e0 condition que les tensions g\u00e9opolitiques n\u2019\u00e9voluent pas vers un nouveau choc \u00e9nerg\u00e9tique majeur.<\/p>\n\n\n\n

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

La conjoncture industrielle genevoise reste difficile. N\u00e9anmoins, les entr\u00e9es et carnets de commandes enregistrent une progression sensible par rapport \u00e0 janvier. La production, apr\u00e8s trois mois de repli, se stabilise. Pour les trois prochains mois, un renforcement de l\u2019activit\u00e9 et des commandes est anticip\u00e9, tandis qu\u2019\u00e0 l\u2019horizon de six mois, une am\u00e9lioration plus nette de […]<\/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-9390","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\/9390","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=9390"}],"version-history":[{"count":1,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts\/9390\/revisions"}],"predecessor-version":[{"id":9393,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/posts\/9390\/revisions\/9393"}],"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=9390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/categories?post=9390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.opi.ch\/fr\/wp-json\/wp\/v2\/tags?post=9390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}