Swiss producer, import price index falls 1.2% year on year

Tuesday, 14. June 2016 09:37

The indicator of the value of produced and imported goods for Switzerland increased by 0.4% last month to 99.7 points, mostly due to advances in the segments of scrap and petroleum products, while the reading dropped 1.2% compared to May of last year. The Federal Statistical Office said on Tuesday both producer and import prices increased 0.4% from April, while the annual decrease was 0.5% and 2.8%, respectively.

The value of goods produced for the domestic market rose 0.2% last month alone and fell 1.7% from May 2015. The prices of products for export inched 0.1% down on the month and 0.5% in the previous year, Swiss Statistics said. 

The SMI index dropped 1.06% at 9:20 a.m. CET in Zurich, with all constituents in the red. Credit Suisse Group led the losing camp with a dip of 2.19%. LafargeHolcim followed with a drop of 1.68%. The franc strengthened 0.43% against the euro, 0.93% compared to the pound and 0.1% versus the dollar at 9:37 a.m. CET.

 

Image: EPA / Etienne Laurent

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