Investing.com – Switzerland's producer price index declined more-than-expected in November, official data showed on Wednesday.
The Swiss Federal Statistical Office said its producer price index declined by a seasonally adjusted 0.8% in November, after declining by 0.2% in October.
Analysts had expected Swiss PPI to ease by 0.2% in November.
Year-over-year, the producer price index fell at an annualized rate of 2.4% in November, compared to analyst expectations for a 1.8% decline, after dropping at a rate of 1.8% in October.
Following the release of the data, the Swiss franc was modestly lower against the U.S. dollar, with USD/CHF easing up 0.1% to trade at 0.9465.
The Swiss Federal Statistical Office said its producer price index declined by a seasonally adjusted 0.8% in November, after declining by 0.2% in October.
Analysts had expected Swiss PPI to ease by 0.2% in November.
Year-over-year, the producer price index fell at an annualized rate of 2.4% in November, compared to analyst expectations for a 1.8% decline, after dropping at a rate of 1.8% in October.
Following the release of the data, the Swiss franc was modestly lower against the U.S. dollar, with USD/CHF easing up 0.1% to trade at 0.9465.