Forexpros – Switzerland’s producer price index rose less-than-expected in March, official data showed on Monday.
The Swiss Federal Statistical Office said its producer price index rose by a seasonally adjusted 0.3% in March, below expectations for a 0.5% gain.
Swiss producer prices rose by an unrevised 0.8% in February.
Year-over-year, the producer price index fell at an annualized rate of 2.0% in March, compared to expectations for a 1.8% decline, after dropping at a rate of 1.9% in February.
Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF gaining 0.46% to trade at 0.9237.
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