Swiss producer and import prices ease decline pace in July

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Source: RTTNews
Switzerland's producer and import prices tumbled at a lower pace for the second straight month in July, the statistical office announced on Tuesday. The producer and import price index dropped 1.8% on year, after a 2.2% fall in June. Analysts estimated a 1.7% decline, but the drop still was the smallest since July 2011, when it posted a 0.6% fall.
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Tue, 14 Aug 2012 12:14:28 GMT

Sweden production unexpectedly advanced in June

Sweden's industrial output rose first in five months, opposing analysts' forecast of a further decline, preliminary data reported by Statistics Sweden on Tuesday. Industrial production surged 1.1% on year, compared to estimated 1.1% decline. Manufacturing production rose 0.8% from June, and mining and quarrying industry output increased 5%.

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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