Investing.com – Switzerland's producer price index rose unexpectedly in December, advancing for the first time in eight months, official data showed on Monday.
The Swiss Federal Statistical Office said its producer price index rose by a seasonally adjusted 0.3% in December, after declining by 0.8% in November.
Analysts had expected Swiss PPI to ease by 0.3% in December.
Year-over-year, the producer price index fell at an annualized rate of 2.3% in December, compared to analyst expectations for a 2.8% decline, after dropping at a rate of 2.4% in November.
Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF gaining 0.17% to trade at 0.9538.
The Swiss Federal Statistical Office said its producer price index rose by a seasonally adjusted 0.3% in December, after declining by 0.8% in November.
Analysts had expected Swiss PPI to ease by 0.3% in December.
Year-over-year, the producer price index fell at an annualized rate of 2.3% in December, compared to analyst expectations for a 2.8% decline, after dropping at a rate of 2.4% in November.
Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF gaining 0.17% to trade at 0.9538.