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Swiss Producer and Import Price Index in April 2017: +0.8 YoY, -0.2 MoM

Summary:
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. In 2017, however, producer prices are rising again – in both Europe and Switzerland. See more in Is the Swiss Franc overvalued? Producer and Import Price Index in April 2017 From the data release of Swiss Statistics: Neuchâtel, 15.05.2017 (FSO) – The Producer and Import Price Index fell in April 2017 by 0.2% compared with the previous month, reaching 100.1 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and machinery. Compared with April 2016, the price level of the whole range of domestic and imported products rose by 0.8%. These are some of the findings from the Federal Statistical Office (FSO). Switzerland Producer Price Index (PPI) YoY, April 2017(see more posts on Switzerland Producer Price Index, ) Source: investing.

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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. In 2017, however, producer prices are rising again – in both Europe and Switzerland. See more in Is the Swiss Franc overvalued?

Producer and Import Price Index in April 2017

From the data release of Swiss Statistics:

Neuchâtel, 15.05.2017 (FSO) – The Producer and Import Price Index fell in April 2017 by 0.2% compared with the previous month, reaching 100.1 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and machinery. Compared with April 2016, the price level of the whole range of domestic and imported products rose by 0.8%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, April 2017

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in April 2017: +0.8 YoY, -0.2 MoM

Source: investing.com - Click to enlarge

Download press release: Producer and Import Price Index in April 2017

German text: Produzenten- und Importpreisindex im April 2017

Produzenten- und Importpreisindex im April 2017

Produzenten- und Importpreisindex sinkt um 0,2 Prozent im April 2017

Neuchâtel, 15.05.2017 (BFS) – Der Gesamtindex der Produzenten- und Importpreise sank im April 2017 gegenüber dem Vormonat um 0,2 Prozent und erreichte den Stand von 100,1 Punkten (Basis Dezember 2015 = 100). Der Rückgang ist vor allem auf tiefere Preise für Mineralölprodukte und Maschinen zurückzuführen. Im Vergleich zum April 2016 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,8 Prozent. 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 Maschinen, Uhren und Schrott verantwortlich. Billiger wurden auch Mineralölprodukte. Steigende Preise beobachtete man dagegen für Bestrahlungs-, Elektrotherapie- und elektromedizinische Geräte sowie Schweinefleisch.

Preisrückgänge gegenüber dem März 2017 registrierte man im Importpreisindex vor allem für Treibstoff, Heizöl und Maschinen. Dasselbe gilt für Frischgemüse, elektrische Ausrüstungen, Geräte und Einrichtungen der Telekommunikationstechnik, Kern- und Steinobst sowie Erdöl und Erdgas. Höhere Preise zeigten hingegen Computer und periphere Geräte sowie Aluminium und daraus hergestellte Produkte.

Swiss Producer and Import Price Index in April 2017: +0.8 YoY, -0.2 MoM

Swiss Producer and Import Price Index in April 2017: +0.8 YoY, -0.2 MoM


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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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