Investing.com - Switzerland's producer price index was flat in November, confounding expectations for a modest decline, official data showed on Thursday.
The Swiss Federal Statistical Office said its producer price index was flat in November, compared to expectations for a 0.3% decline.
Swiss producer prices fell by 0.1% in October.
Year-over-year, the producer price index advanced at an annualized rate of 1.2% in November, compared to expectations for a 0.3% decrease, after dropping at a rate of 0.1% in October.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing down 0.04% to trade at 0.9260.
The Swiss Federal Statistical Office said its producer price index was flat in November, compared to expectations for a 0.3% decline.
Swiss producer prices fell by 0.1% in October.
Year-over-year, the producer price index advanced at an annualized rate of 1.2% in November, compared to expectations for a 0.3% decrease, after dropping at a rate of 0.1% in October.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing down 0.04% to trade at 0.9260.