Swiss Producer, Import Prices Fell Less Than Forecast in August
Swiss producer and import prices dropped less than economists forecast in August.
Prices for products ranging from factory to farm goods as well as imports slipped 0.1 percent from a year earlier after declining 1.8 percent in July, the Federal Statistics Office in Neuchatel, Switzerland, said today. Economists forecast a decrease of 0.7 percent, according to the median of four estimates in a Bloomberg News survey.
Prices rose 0.5 percent from July. Import prices declined 1 percent in the year, while producer prices rose 0.3 percent, the report showed.
To contact the reporter on this story: Simone Meier in Zurich at email@example.com
To contact the editor responsible for this story: Craig Stirling at firstname.lastname@example.org