Switzerland May CPI YoY +0.6% Below Forecast; Swiss Franc Edges Up
AASTOCKS News·- The Swiss Federal Statistical Office reported a 0.6% year-on-year increase in the consumer price index (CPI) for May, below the expected 0.8%. - Month-on-month, the CPI rose by 0.2%, also lower than the anticipated 0.3%. - Excluding fresh foods and seasonal products, core inflation in Switzerland rose by 0.3% year-on-year and 0.1% month-on-month, while the Swiss franc appreciated slightly to 1.2640 against the dollar.Switzerland 1Q GDP Preliminary QoQ +0.5%, Swiss Franc Edges Up
AASTOCKS News·- The Swiss government announced that the preliminary GDP for the first quarter increased by 0.5% quarter-on-quarter, up from the previous growth rate of 0.2%, marking a one-year high. - The Swiss franc rose by 0.1%, trading at a price of 1.2735 against the US dollar. - This economic growth reflects a strengthening performance in Switzerland's economy.