Swiss producer, import prices index adds 0.1%

Thursday, 14. July 2016 09:48

June saw prices of goods shipped from abroad to Switzerland rise 0.8%, the Federal Statistical Office said on Thursday. On the other hand, the index of domestic producer prices lost 0.2%, resulting in the overall measure advancing 0.1%, with the biggest upward contribution from the increase in value of petroleum products. The index of producer and import prices was 1% down from the value measured one year before. 

The largest monthly decline at domestic producers was registered in the section of scrap, while mineral oil products, steel, wood and meat rose the most in value. Imported goods had the biggest fall in prices in the segment of non-ferrous metals as well as pome fruit and stone fruit. The category had the strongest increase in the sections of fuel, automobiles and car parts, and iron and steel.

The SMI stock index added 0.31% at 9:30 a.m. CET, with UBS, Richemont and Credit Suisse all topping the chart with 1.5% in the green. Swiss Re and Actelion were the only constituents under the flat line, both shedding just 0.1%. The franc inched 0.1% higher against the euro and 0.2% versus the yen, while strengthening 0.45% compared to the pound.

 

Image: EPA / Sigi Tischler

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