Switzerland's PPI dropped by 0.2% last month

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Source: Forexpros
The PPI in Switzerland plunged by 0.2% on a seasonally adjusted basis in May as compared to an April's decline of 0.1%, reported the Swiss Federal Statistics Office. The data is in compliance with expectations. Considering yearly moves, the PPI decreased by 2.3% last month while analysts predicted the index to fall by 2.0%. After the data release, the Swiss Franc stayed higher against its US counterpart and USD/CHF traded at 0.9590, depreciating by 0.17%.
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Wed, 13 Jun 2012 13:07:42 GMT

Eurozone's industrial output slid in April

Industrial production in the single currency union dropped by 0.8% in April, according to Eurostat. The fall was not as severe as 1% decline expected.  However, April's industrial output indicated that the Eurozone may fall into recession despite avoiding it in Q1, said Jonathan Loynes, chief European economist.  After the data release, the Euro remained higher against its US counterpart,

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

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