Investing.com – Switzerland's producer price index rose broadly in line with expectations in March, official data showed on Wednesday.
The Swiss Federal Statistical Office said its producer price index rose by 0.4% in March, broadly in line with expectations, after rising 0.2% in February.
According to the data, the producer price index rose in line with expectations at an annualized rate of 0.4% in March, after advancing at a rate of 0.5% in February.
Following the release of the data, the Swiss franc was modestly higher against the U.S. dollar, with USD/CHF easing down 0.05% to hit 0.8967.
The Swiss Federal Statistical Office said its producer price index rose by 0.4% in March, broadly in line with expectations, after rising 0.2% in February.
According to the data, the producer price index rose in line with expectations at an annualized rate of 0.4% in March, after advancing at a rate of 0.5% in February.
Following the release of the data, the Swiss franc was modestly higher against the U.S. dollar, with USD/CHF easing down 0.05% to hit 0.8967.