Investing.com – Switzerland's producer price index fell more-than-expected in August, official data showed on Wednesday.
The Swiss Federal Statistical Office said its producer price index declined by a seasonally adjusted 1.2% in August, after declining by 0.7% in July.
Analysts had expected Swiss PPI to ease by 0.3% in August.
Year-over-year, the producer price index fell at an annualized rate of 1.9% in August, compared to analyst expectations for a 1.1% decline, after dropping at a rate of 0.6% in July.
Following the release of the data, the Swiss franc extended losses against the U.S. dollar, with USD/CHF gaining 0.39% to trade at 0.8838.
The Swiss Federal Statistical Office said its producer price index declined by a seasonally adjusted 1.2% in August, after declining by 0.7% in July.
Analysts had expected Swiss PPI to ease by 0.3% in August.
Year-over-year, the producer price index fell at an annualized rate of 1.9% in August, compared to analyst expectations for a 1.1% decline, after dropping at a rate of 0.6% in July.
Following the release of the data, the Swiss franc extended losses against the U.S. dollar, with USD/CHF gaining 0.39% to trade at 0.8838.