Market news
14.09.2021, 06:46

Swiss producer and import price index rose more than expected in August

According to the report from the Federal Statistical Office, the Producer and Import Price Index rose in August 2021 by 0.7% compared with the previous month, reaching 103.9 points (December 2020 = 100). Economists had expected a 0.2% increase. Chemical products and pharmaceutical products in particular saw higher prices. Compared with August 2020, the price level of the whole range of domestic and imported products rose by 4.4%.

In particular, higher prices for pharmaceutical products and for chemical products were responsible for the increase in the producer price index compared with the previous month. Basic metals and semi-finished metal products, products of sawmilling and planing, rubber and plastic products as well as fresh vegetables also became more expensive. In contrast, falling prices were seen for scrap and pork.

The import price index registered higher prices compared with July 2021, particularly for organic products of the chemical industry, plastics in primary forms, petroleum and natural gas, basic metals and semi-finished metal products, timber products as well as for rubber and plastic products. The same applied to other chemical products, paper, paper products and green coffee. Pharmaceutical preparations and petroleum products on the other hand, became cheaper.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location