Switzerland

PPI YoY climbed to -1.1 in October 2014

PPI YoY climbed to -1.1 in October 2014, up 0.3 from September's -1.4 reading. The print came in hotter than the -1.3 consensus, a hotter print than forecasters anticipated. The print is running well below the 12-month average of -0.89. Over the past 3 months, PPI YoY averaged -1.3, vs -0.8 in the prior 3-month window.