Investing.com - Switzerland's producer price index rose more-than-expected in September, increasing for the second consecutive month, official data showed on Monday.
The Swiss Federal Statistical Office said its producer price index rose by a seasonally adjusted 0.3% in September, above expectations for a 0.2% gain.
Swiss producer prices rose by 0.5% in August.
Year-over-year, the producer price index advanced at an annualized rate of 0.3% in September, compared to expectations for a 0.1% increase, after dropping at a rate of 0.1% in August.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing up 0.02% to trade at 0.9334.
The Swiss Federal Statistical Office said its producer price index rose by a seasonally adjusted 0.3% in September, above expectations for a 0.2% gain.
Swiss producer prices rose by 0.5% in August.
Year-over-year, the producer price index advanced at an annualized rate of 0.3% in September, compared to expectations for a 0.1% increase, after dropping at a rate of 0.1% in August.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing up 0.02% to trade at 0.9334.