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Swiss Producer and Import Price Index, June 2016: +0.1 percent MoM, -1.0 percent YoY

Summary:
14.07.2016 09:15  – FSO, Prices (0353-1607-00) Producer and Import Price Index in June 2016 0.1% rise in Producer and Import Price Index Neuchâtel, 14.07.2016 (FSO) – The Producer and Import Price Index rose in June 2016 by 0.1% compared with the previous month, reaching 99.9 points (base December 2015 = 100). Whereas the Producer Price Index declined by 0.2%, the Import Price Index rose by 0.8%. The slight increase of the overall index is due in particular to higher prices for petroleum products. Compared with June 2015, the price level of the whole range of domestic and imported products fell by 1.0%. These are the findings of the Federal Statistical Office (FSO). Download this press release (pdf, 130 KB) Swiss Producer and import prices The strongly negative change in producer prices in 2015 reduced the Swiss franc overvaluation in terms of the Real Effective Exchange. Now, however, producer prices are approaching the zero change again. It must also be noted that producer prices had fallen by 6% in 2015, while consumer prices went down only by 1.5%. Large margins are hence remaining for the Swiss retail sector. The producer and import price index measures the prices in Switzerland for goods sold by industrial producers to the retail sector and the prices companies paid for imports.

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14.07.2016 09:15  – FSO, Prices (0353-1607-00)

Producer and Import Price Index in June 2016

0.1% rise in Producer and Import Price Index

Neuchâtel, 14.07.2016 (FSO) – The Producer and Import Price Index rose in June 2016 by 0.1% compared with the previous month, reaching 99.9 points (base December 2015 = 100). Whereas the Producer Price Index declined by 0.2%, the Import Price Index rose by 0.8%. The slight increase of the overall index is due in particular to higher prices for petroleum products. Compared with June 2015, the price level of the whole range of domestic and imported products fell by 1.0%. These are the findings of the Federal Statistical Office (FSO).

Download this press release (pdf, 130 KB)

Swiss Producer and import prices

The strongly negative change in producer prices in 2015 reduced the Swiss franc overvaluation in terms of the Real Effective Exchange. Now, however, producer prices are approaching the zero change again.

It must also be noted that producer prices had fallen by 6% in 2015, while consumer prices went down only by 1.5%. Large margins are hence remaining for the Swiss retail sector.

The producer and import price index measures the prices in Switzerland for goods sold by industrial producers to the retail sector and the prices companies paid for imports.

Swiss Producer and Import Price Index, June 2016: +0.1 percent MoM, -1.0 percent YoY

Click to enlarge. Source Investing.com

Swiss Producer and Import Price Index, June 2016: +0.1 percent MoM, -1.0 percent YoY

German text:

Produzenten- und Importpreisindex im Juni 2016

Produzenten- und Importpreisindex steigt um 0,1 Prozent

Neuchâtel, 14.07.2016 (BFS) – Der Gesamtindex der Produzenten- und Importpreise stieg im Juni 2016 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 99,9 Punkten (Basis Dezember 2015 = 100). Während der Produzentenpreisindex um 0,2 Prozent zurückging, erhöhte sich der Importpreisindex um 0,8 Prozent. Der leichte Anstieg im Total ist vor allem auf die höheren Preise für Mineralölprodukte zurückzuführen. Im Vergleich zum Juni 2015 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 1,0 Prozent zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren insbesondere die tieferen Preise für Schrott verantwortlich. Steigende Preise beobachtete man hingegen bei Mineralölprodukten, Stahl, Holzprodukten sowie Fleisch und Fleischprodukten.

Höhere Preise gegenüber dem Mai 2016 registrierte man im Importpreisindex vor allem für Treibstoff, Erdöl und Erdgas sowie Heizöl. Dasselbe gilt für Automobile und Automobilteile, Roheisen und Stahl, pharmazeutische Spezialitäten, verarbeiteter Stahl und Motorräder. Preisrückgänge zeigten dagegen Nichteisen-Metalle und daraus hergestellte Produkte sowie Kern- und Steinobst.

Swiss Producer and Import Price Index, June 2016: +0.1 percent MoM, -1.0 percent YoY

Swiss Producer and Import Price Index, June 2016: +0.1 percent MoM, -1.0 percent YoY

George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

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