Swiss Producer & Import Prices Rise More Than Forecast

Switzerland’s producer and import prices climbed more than expected in September, data published by the Federal Statistical Office revealed Friday.

Producer and import prices advanced 0.8 percent year-on-year in September, faster than the expected growth of 0.6 percent.

Month-on-month, producer and import prices gained 0.5 percent versus forecast of 0.3 percent.

Producer prices gained 0.4 percent on month, while it fell 0.2 percent from September 2016. At the same time, import prices advanced 0.8 percent, taking the annual growth to 2.9 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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