BREAKING: Swiss GDP data weaker than expected 📌Spanish CPI above forecats

Swiss GDP QoQ: -0.5% (Forecast -0.4%, Previous 0.1%)

Swiss GDP YoY: 0.5% (Forecast 0.6%, Previous 1.2%)

Swiss KOF Indicator (October): 101.7 vs 101 exp. and 101.3 previously

Spanish CPI (flash)

YoY: 3% vs 3% exp. and 3.1% previously
MoM: 0.2% vs 0.1% exp. and 0.07% previously

Spanish HICP (flash)

YoY: 3.1% vs 3% exp. and 3.2% previously
MoM: 0% vs -0.2% exp. and 0.5% previously

Weak data from Switzerland highlight the country’s broader economic challenges. For now, however, the Swiss franc remains distinctly strong against the US dollar, with the USDCHF pair holding its long-term downward trend.

Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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