Swiss producer and import prices drop - View of the Basel port by Martin Ruetschi/Photopress
NEUCHATEL, SWITZERLAND – The Swiss producer and import prices fell sharply in August 2011 says a report published 14 September by the Federal Statistics Office, FSO.
The index for August slid 1.2% from the previous month as a result of a weak economy worldwide, lower prices for paper, oil, gas and chemical products, and the strengthening of the Swiss franc.
The current index is set at 98.5 points.
Prices for domestic products declined 0.8%, import prices fell 2%.
Compared to August 2010, the price index of the total supply of domestic and imported products decreased by 1.9%.
Following the release of the data, the Swiss franc extended losses against the US dollar gaining 0.39% to trade at 0.8838.
Neuchatel, Switzerland (GenevaLunch) – Retail trade turnover in July 2009 was up 1 percent compared to last year, in real terms, meaning that Swiss consumers are purchasing more food, beverages and tobacco products, net of inflation. In the year to July, retail turnover increased 0.6 percent compared to last year, according to figures from the Federal Statistics Office (FSO) out 16 September.
Industrial production, orders, sales and inventory numbers, published by FSO 15 September, show that the second quarter of 2009 gave hope for optimism, compared to the first three months of 2009:
- production, exclusive of construction: +2.7 percent not seasonally adjusted
- new orders: + 8.5 percent
- sales turnover: + 3.7 percent
- inventories: -1.2 percent
