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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland PPI MoM fell to -2.1% in April 2015
FMPMonthlyReleased May 2015
Switzerland PPI MoM fell to -2.1% in April 2015, released May 2015, down 2.3% from March's 0.2% reading. The print came in cooler than the -0.1% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of -0.29%. Over the past 3 months, PPI MoM averaged -0.6%, vs -0.57% in the prior 3-month window. PPI MoM is now the lowest in 15 months.
Latest Release
-2.1
Actual
-0.1
Consensus
0.2
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
May 2015
Predicted: -0.05
Actual: -2.1
Error: +2.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (Switzerland) was reported at -0.7% in September 2015. The reading fell from the previous value of -0.3%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.37%, up from the prior three at -0.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 17) and Current Account (Sep 22).
Auto-generated from current model state · Refreshes on each release · Last update September 2015.
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PPI MoM - CH
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About PPI MoM — Switzerland
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2015): actual -0.7 %. Prior reading (Jul 2015): -0.3 %. Before that (Jun 2015): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CH | Consumer Confidence | -33 | -35 | -32 | -32.25 | Medium |
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | CH | Producer & Import Prices YoY | -2.1 | -1.3 | -1.45 | Low | |
| 06:30 | CH | Producer & Import Prices MoM | -0.1 | 0.2 | -0.20 | Low | |
| 06:30 | CH | Producer Price Index YoY | -2.1 | -1.3 | -1.30 | Low | |
| 06:30 | CH | Producer Price Index MoM | -0.1 | 0.1 | -0.30 | Low | |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | CH | Balance of Trade | 8.1 | 7.5 | 7.50 | Medium | |