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Swiss Producer and Import Price Index in August 2019: -1.9 percent YoY, -0,2 percent 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? 12.09.2019 – The Producer and Import Price Index fell in August 2019 by 0.2% compared with the previous month, reaching 101.4 points

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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?

12.09.2019 – The Producer and Import Price Index fell in August 2019 by 0.2% compared with the previous month, reaching 101.4 points (December 2015 = 100). The decline is due in particular to lower prices for rubber and plastic products as well as basic metals and semi-finished metal products. Compared with August 2018, the price level of the whole range of domestic and imported products fell by 1.9%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, August 2019

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Swiss Producer and Import Price Index in August 2019: -1.9 percent YoY, -0,2 percent MoM

Source: investing.com - Click to enlarge

Download press release: Producer and Import Price Index fell by 0.2% in August 2019

German Text:

Produzenten- und Importpreisindex sinkt im August 2019 um 0,2%

12.09.2019 – Der Gesamtindex der Produzenten- und Importpreise sank im August 2019 gegenüber dem Vormonat um 0,2% und erreichte den Stand von 101,4 Punkten (Dezember 2015 = 100). Der Rückgang ist vor allem auf tiefere Preise für Gummi- und Kunststoffprodukte sowie Metalle und Metallhalbzeug zurückzuführen. Im Vergleich zum August 2018 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 1,9% 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 die Sammlung von Abfällen und die Rückgewinnung, für Mineralölprodukte, Metalle und Metallhalbzeug, Papier und Papierprodukte sowie für Kunststoffprodukte verantwortlich. Steigende Preise beobachtete man dagegen für Anstrichmittel, Druckfarben und Kitte, pharmazeutische Grundstoffe, Rohmilch und sonstige chemische Produkte.

Tiefere Preise gegenüber dem Juli 2019 registrierte man im Importpreisindex insbesondere für chemische Grundstoffe, Gummi- und Kunststoffprodukte, Metalle und Metallhalbzeug sowie Papier und Papierprodukte. Preisrückgänge zeigten auch Computer, Holzprodukte, pharmazeutische Grundstoffe, Gemüse und Kartoffeln. Teurer wurden hingegen Zitrusfrüchte.

Swiss Producer and Import Price Index in August 2019: -1.9 percent YoY, -0,2 percent MoM

Swiss Producer and Import Price Index in August 2019: -1.9 percent YoY, -0,2 percent 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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