by Summary:
Producer and Import Price Index in February 2016 0.6% decline in Producer and Import Price Index Neuchâtel, 17.03.2016 (FSO) – The Producer and Import Price Index fell in February 2016 by 0.6% compared with the previous month, reaching 99.0 points (base December 2015 = 100). Whereas the Producer Price Index declined by 0.5%, the Import Price Index fell by 1.0%. The decline is due mainly to lower prices for chemical and pharmaceutical products as well as petroleum products. Compared with February 2015, the price level of the whole range of domestic and imported products fell by 4.6%. These are the findings of the Federal Statistical Office (FSO). Download this press release (pdf, 130 KB) (exists only in German, French or Italian)
by
George Dorgan
My articles My siteAbout meMy booksMy videos
Follow on:TwitterFacebookGoogle +
CFA SocietySeeking Alpha The press release from the statistics office is really crap, while the data is certainly important. It is important for two reasons: The producer and import price index is used to revalue the real effective exchange rate. It is the second release that shows y/y data for end of the EUR/CHF peg.
Total
The key data is here the french version (easier readable for English speakers). Total down 4.6% y/y Producer Prices (origin Switzerland) down 3.5% y/y Import Prices down 6.9% y/y Prices for export are down 4.4%, while when they are sold internally they fell only 2.
Topics:
Swiss Statistics considers the following as important: Featured, newsletter, Swiss Macro
This could be interesting, too:
Producer and Import Price Index in February 2016 0.6% decline in Producer and Import Price Index Neuchâtel, 17.03.2016 (FSO) – The Producer and Import Price Index fell in February 2016 by 0.6% compared with the previous month, reaching 99.0 points (base December 2015 = 100). Whereas the Producer Price Index declined by 0.5%, the Import Price Index fell by 1.0%. The decline is due mainly to lower prices for chemical and pharmaceutical products as well as petroleum products. Compared with February 2015, the price level of the whole range of domestic and imported products fell by 4.6%. These are the findings of the Federal Statistical Office (FSO). Download this press release (pdf, 130 KB) (exists only in German, French or Italian)
by George Dorgan
My articles My siteAbout meMy booksMy videos
Follow on:TwitterFacebookGoogle +
CFA SocietySeeking Alpha
Topics:
Swiss Statistics considers the following as important: Featured, newsletter, Swiss Macro
This could be interesting, too:
Marc Chandler writes Riksbank Cuts, Oil Slips, and the Yen Remains Under Pressure
Marc Chandler writes Market Pushes the Yen Lower, Helped by a Broadly Firmer Greenback
Martin Hartmann writes Jetzt anmelden! 18. Juni 2024 🥳
Helena Schulthess writes Kongress der «Students for Liberty» in Tbilisi (Georgien)
Producer and Import Price Index in February 2016
0.6% decline in Producer and Import Price Index
Neuchâtel, 17.03.2016 (FSO) – The Producer and Import Price Index fell in February 2016 by 0.6% compared with the previous month, reaching 99.0 points (base December 2015 = 100). Whereas the Producer Price Index declined by 0.5%, the Import Price Index fell by 1.0%. The decline is due mainly to lower prices for chemical and pharmaceutical products as well as petroleum products. Compared with February 2015, the price level of the whole range of domestic and imported products fell by 4.6%. These are the findings of the Federal Statistical Office (FSO).
Total
The key data is here the french version (easier readable for English speakers). Total down 4.6% y/y Producer Prices (origin Switzerland) down 3.5% y/y Import Prices down 6.9% y/y Prices for export are down 4.4%, while when they are sold internally they fell only 2.5%
Producer Prices
- Total (100% of producer price basket) down by 3.5% y/y
- Major categories
- Prices of chemicals and pharmaceuticals (25.6% of the producer basket) are down 6.3% y/y. Especially the former profit on falling oil prices.
- Prices of IT and eclectronics (15.4% of basket) fell by 2% compared to one year ago.
- Prices of food (10.6% of basket) are down 0.7%
- Machines (10.2% of basket) are cheaper by 3.6%.
Import Prices
- Total (100% of import price basket) down by 6.9% y/y
- Major categories
- Prices of chemicals and pharmaceuticals (25.6% of the import basket) down 5.6% y/y.
- Prices of automobiles (10.2% of basket) are lower by 6.1% compared to one year ago.
- IT and electionics (9.6%) are cheaper by 6.3% y/y.
- Food (7.2% of the basket) are cheaper by 6.5%.
- Prices of Petroleum products (4.3%) fell by 26.6%.