Investing.com - Switzerland''s producer price index rose in line with expectations in May, official data showed on Wednesday.
The Swiss Federal Statistical Office said its producer price index inched up by a seasonally adjusted 0.1% in May, meeting forecasts. Swiss PPI declined 0.3% in April.
Year-over-year, the producer price index fell at an annualized rate of 0.8% last month, in line with analyst expectations, after dropping 1.2% in April.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF gaining 0.12% to trade at 0.8982.