Investing.com – Switzerland's producer price index fell more-than-expected in June, official data showed on Wednesday.
The Swiss Federal Statistical Office said its producer price index dipped by a seasonally adjusted 0.5% in June, after declining by 0.2% in May.
Analysts had expected Swiss PPI to ease by 0.3% in June.
Year-over-year, the producer price index fell at an annualized rate of 0.4% in June, unchanged from the previous month and above the expected decline of 0.3%.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.15% to trade at a near record low of 0.8293.
The Swiss Federal Statistical Office said its producer price index dipped by a seasonally adjusted 0.5% in June, after declining by 0.2% in May.
Analysts had expected Swiss PPI to ease by 0.3% in June.
Year-over-year, the producer price index fell at an annualized rate of 0.4% in June, unchanged from the previous month and above the expected decline of 0.3%.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.15% to trade at a near record low of 0.8293.