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Consumer prices in Switzerland rose in May by 1% in annual terms. Compared with the growth of 0.8% in April, inflation accelerated in May, official data show. The May inflation rate became the highest since March 2011. Analysts had predicted the figure at 0.9%. Relative to the previous month, consumer prices rose by 0.4%. Output of Swiss production went up by 0.4%, imported goods in the country - by 2.7%. In 2011-2016, inflation in Switzerland was constrained by a strong Swiss franc, but over the past 12 months, the franc paired with the euro fell significantly. According to the forecasts of the Swiss Central Bank, the average annual inflation in 2018 will be at the level of 0.6%.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
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