by 13.09.2016 09:15 – FSO, Prices (0353-1608-90) The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015 (see below), compared to -3% in Europe or -1% in the U.S., diminished the overvaluation. See more in Is the Swiss Franc overvalued?. Producer and Import Price Index in August 2016 0.3% decline in Producer and Import Price Index Neuchâtel, 13.09.2016 (FSO) – The Producer and Import Price Index fell in August 2016 by 0.3% compared with the previous month, reaching 99.5 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and pharmaceutical products. Compared with August 2015, the price level of the whole range of domestic and imported products fell by 0.4%. These are the findings of the Federal Statistical Office (FSO).
Topics:
Swiss Statistics considers the following as important: Featured, newslettersent, Swiss Macro, Swiss PPI, Switzerland inflation, Switzerland Producer Price Index
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
13.09.2016 09:15 – FSO, Prices (0353-1608-90)
The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015 (see below), compared to -3% in Europe or -1% in the U.S., diminished the overvaluation. See more in Is the Swiss Franc overvalued?.
Producer and Import Price Index in August 2016
0.3% decline in Producer and Import Price Index
Neuchâtel, 13.09.2016 (FSO) – The Producer and Import Price Index fell in August 2016 by 0.3% compared with the previous month, reaching 99.5 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and pharmaceutical products. Compared with August 2015, the price level of the whole range of domestic and imported products fell by 0.4%. These are the findings of the Federal Statistical Office (FSO).
Download this press release (pdf, 130 KB)
Swiss Producer and import pricesThe 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. |
Switzerland Producer Price Index (PPI) YoY(see more posts on Swiss PPI, Switzerland Producer Price Index, ) Switzerland Producer Price Index (PPI) YoY. Click to enlarge. Source Investing.com |
German text:
Produzenten- und Importpreisindex im August 2016
Produzenten- und Importpreisindex sinkt um 0,3 Prozent
Neuchâtel, 13.09.2016 (BFS) – Der Gesamtindex der Produzenten- und Importpreise sank im August 2016 gegenüber dem Vormonat um 0,3 Prozent und erreichte den Stand von 99,5 Punkten (Basis Dezember 2015 = 100). Der Rückgang ist insbesondere auf tiefere Preise für Mineralölprodukte und pharmazeutische Produkte zurückzuführen. Im Vergleich zum August 2015 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,4 Prozent zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.
Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die tieferen Preise für Mineralölprodukte und pharmazeutische Spezialitäten verantwortlich. Billiger wurden auch Fleisch und Fleischprodukte, Schrott und ätherische Öle. Steigende Preise beobachtete man hingegen bei pharmazeutischen Grundstoffen sowie Anstrichmitteln, Druckfarben und Kitten.
Preisrückgänge gegenüber dem Juli 2016 registrierte man im Importpreisindex insbesondere für Treibstoff, Heizöl sowie Erdöl und Erdgas. Dasselbe gilt für pharmazeutische Grundstoffe und Spezialitäten, Computer, Gummi- und Kunststoffprodukte, Stahlprodukte und Tafeltrauben. Höhere Preise zeigten dagegen organische Produkte der chemischen Industrie, Nichteisen-Metalle und daraus hergestellte Produkte, Kunststoffe in Primärformen und Zitrusfrüchte.
