Swiss Producer And Import Prices Stay Stable In July

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Thursday, according to Switzerland's Federal Statistical Office, producer and import prices remained stable on a monthly basis for the second straight time in July. Economists were expecting a 0.1% monthly growth.

Year-on-year, prices were down 6.1% in July, larger than the expected fall of 5.8%. Annual decline was mainly driven by sharp drop in petroleum and metal product prices.

Producer prices slipped 0.2% in July from the prior month, taking the annual fall to 3.8%. Meanwhile, import prices rose 0.2% on a monthly basis and dipped 10.4% compared to the same period of last year.

Thursday, according to Switzerland's Federal Statistical Office, producer and import prices remained stable on a monthly basis for the second straight time in July. (Market News Provided by RTTNews)