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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