Liechtenstein industrial and service companies rated the business situation in the third quarter of 2025 as satisfactory. However, the profitability of the companies surveyed has deteriorated and the number of employees has declined.
The biggest challenges remain insufficient demand (24%) and a shortage of labor (17%). In addition, the uncertainty caused by US Customs Bureau tariffs is a burden. The extreme sectoral divide is remarkable: in the service sector, 38% are suffering from insufficient demand and 28% from labor shortages, while these rates are significantly lower in industry at 10% and 5% respectively. Nevertheless, 34% of companies reported that they had not encountered any obstacles.
Industrial and service companies in Liechtenstein expect their business and earnings situation to remain stable in the 4th quarter of 2025. However, the majority of companies expect staff numbers to continue to fall. There are differentiated developments within the sectors. While the construction sector expects the business situation to improve, the metal and non-metal industry reports no change. Among service providers, companies in the retail trade expect the business situation to improve, while general service providers, banks and insurance companies expect the situation to remain unchanged.