Investing.com – Switzerland's producer price index was unexpectedly flat in January, after advancing for the first time in eight months in the preceding month, official data showed on Monday.
The Swiss Federal Statistical Office said its producer price index was flat in January, confounding expectations for a 0.2% increase.
Swiss producer prices rose by an unrevised 0.3% in December, the first increae since May 2011.
Year-over-year, the producer price index fell at an annualized rate of 2.4% in January, compared to analyst expectations for a 2.2% decline, after dropping at a rate of 2.3% in December.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF shedding 0.5% to trade at 0.9119.
The Swiss Federal Statistical Office said its producer price index was flat in January, confounding expectations for a 0.2% increase.
Swiss producer prices rose by an unrevised 0.3% in December, the first increae since May 2011.
Year-over-year, the producer price index fell at an annualized rate of 2.4% in January, compared to analyst expectations for a 2.2% decline, after dropping at a rate of 2.3% in December.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF shedding 0.5% to trade at 0.9119.