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Currency
by ForexNewsNow Team on December 13, 2010

Switzerland PPI drops unexpectedly in November, data show

NEW YORK (Forex News Now) – Switzerland’s producer price index dropped unexpectedly in November, data showed on Monday in one of the day’s major realtime forex news events.

In a report likely to impact currency market trading, the country’s Federal Statistical Office said that the price of goods and raw materials purchased by manufacturers dropped by 0.2% in November, the third successive fall in PPI.

Analysts had expected a rise of at least 0.1% in November, two major online FX trading news outlets reported.

The data is a key indicator of consumer inflation, as higher cost for manufacturers generally translates to higher costs for consumers.

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