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Swiss House Price Index

CEIC calculates House Prices Growth from quarterly Real Estate Price Index. Swiss National Bank provides Real Estate Price Index with base Q1 2000=100. House Prices Growth covers single family homes only. View Switzerland's House Prices Growth from Mar 1971 to Mar 2021 in the chart Eastern Switzerland saw a slight house price increase of 0.95% (0.38% inflation-adjusted), following a 0.93% drop in 2018. Northwestern Switzerland had a house price rise of 1.3% (0.73% inflation-adjusted), after falling by 1.45% in 2018. Western Switzerland had an annual house price fall of 1.19% (-1.74% inflation-adjusted) last year The UBS Swiss Real Estate Bubble Index shows the risk of a real estate bubble on the Swiss property market, including a risk map. The analysis is published quarterly. Risk and monitoring regions for the Swiss real estate market The regional risk map shows the regions with the highest risk of a real estate bubble Overview of purchase prices of apartments and houses from 2007 to 2018. The Swiss property market is constantly changing. The interactive map shows you at a glance how prices of apartments and houses have altered in recent years. If you are thinking about buying or selling a property, the map can help you get a feel for the current price situation

Prices and salaries/wages > Construction price index > By type of construction: Prices and salaries/wages > Construction price index > By area: Prices and salaries/wages > Real estate price indices > Total for Switzerland > Quarter: Prices and salaries/wages > Real estate price indices > Total for Switzerland > Yea Prices in Switzerland This country had 6451 entries in the past 12 months by 726 different contributors. Last update: May 2021 Our data for each country are based on all entries from all cities in that country In comparison with the European Union, the Swiss price level stood at 155.2 index points in 2019 (EU27 = 100)

Switzerland House Prices Growth, 1971 - 2021 Dat

  1. Index of average house prices in the United Kingdom (UK) in 2020, by region Selling price of a house in selected cities in Belgium 2017 Average purchasing price for single-family houses in Denmark.
  2. Swiss House Shop - Welcome to Hong Kong's largest Online Store of Swiss Products. We import products directly from our suppliers in Switzerland and deliver them to the convenience of your home or office in Hong Kong
  3. Economic Indicators for Switzerland including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Switzerland economy
  4. Indices Difference Consumer Prices in Switzerland are 77.72% higher than in United Kingdom (without rent) Consumer Prices Including Rent in Switzerland are 75.06% higher than in United Kingdom Rent Prices in Switzerland are 68.44% higher than in United Kingdo
  5. The Housing Overview page shows the House Price Index (HPI) broken down by region within the United States. The HPI is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties
  6. UBS analyzed residential property prices in 25 major cities around the world. Zurich joins the bubble risk ranks for the first time, while Geneva remains overvalued. Despite the current global recession, on average, inflation-adjusted house price growth in these 25 cities accelerated in the last four quarters, which the authors of the study consider unsustainable

You might think that 8.000 - 9.000 euros per square metre is a small price to pay for having great job opportunities and a top-notch quality of life, but according to a new study by the Swiss bank UBS, these prices are unsustainably high.The housing market in Munich has therefore topped the list as the most overpriced in the world. And the situation in another German city is also looking.

Current index-composition and divisor with adjusted closing prices from the most recent trading day Index composition and divisor from the most recent trading day: Additions and eliminations since 30 June 198

Poland's house price growth is slowing, amidst weak demand. The average price of existing flats in Poland's 7 big cities (Warsaw, Gdańsk, Gdynia, Kraków, Łódź, Poznań, and Wrocław) rose by 5.6% in 2020 to an average of PLN 8,325 (€1,819) per square metre (sq. m.), according to the Polish central bank, Narodowy Bank Polski (NBP) - only about half the y-o-y growth of 10.84% in. The Global House Price Index tracks the movement in mainstream residential prices across more than 55 countries and territories worldwide Global House Price Index Research, Q4 2020 Globally, residential prices are rising at their fastest rate in nearly three years. Prices increased by 5.6% on average in 2020, up from 5.3% in 2019 (figure 1) Switzerland's consumer prices rose for the first time in fifteen months in April, data from the Federal Statistical Office showed on Wednesday. The consumer price index grew 0.3 percent year-on-year in April, after a 0.2 percent fall in March. This was in line with economists' expectation an annual rate of 4.6% in November. And, preliminary annual 2012 house price data didn't indicate a slowdown in the second half of the year, either (see chart 1). SWISS REAL HOUSE PRICES, INDEX (1Q80=100) 85 90 95 100 105 110 115 120 125 130 135 140 145 150 1Q80 1Q83 1Q86 1Q89 1Q92 1Q95 1Q98 1Q01 1Q04 1Q07 1Q10 Owner-occupied apartments Single. Euro and Swiss are currently the slightly strong ones among the major currencies. Also from Australia, house price index rose 3.0% qoq in Q4, above expectation of 1.9% qoq

Wage evolution in 2020: Swiss wage index. The Swiss nominal wage index rose by 0.8% on average in 2020 compared with 2019. It settled at 103.4 points (base 2015 = 100). Given an average annual inflation rate of −0.7%, real wages rose by 1.5% UBS Swiss Real Estate Bubble Index UBS Global. Houses (4 days ago) UBS Swiss Real Estate Bubble Index 4Q. 2020. The index sank in the fourth quarter of 2020 to 1.75 index points due to the strong economic recovery in the second half of 2020. The strong price increases for owner-occupied homes prevented a greater decline View live Swiss Franc Currency Index chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well

Video: Investment Analysis of Swiss Real Estate Marke

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Swiss real estate market: Real Estate Bubble Index UBS

The Global House Price Index tracks the movement in mainstream residential prices across more than 50 countries and territories worldwide using official statistics Global House Price Index Research, Q4 2019 The data in this report is backward looking and covers the period before Covid-19 became a global issue. The results for 2019 point towards a The Swiss franc appreciates against the U.S. dollar as investors seek an alternative safe-haven currency. Safe-haven considerations cause traditional precious metals to experience an increase in value while non-precious metals prices fall due to lower demand from the general economic weakness. * U.S. House Price Index: Price Index for Owner.

Switzerland House Price Index is at a current level of 147.31, up from 146.57 last quarter and up from 145.18 one year ago. This is a change of 0.50% from last quarter and 1.47% from one year ago Get SWISS MARKET IND (.SSMI:Swiss Exchange) real-time stock quotes, news, price and financial information from CNBC The Swiss Performance Index is a total rate of return index of 300+ stocks issued by Swiss companies whose shares are traded on the Electronic Bourse System. The SPI was developed with a base. Prices recently added. Combo meal in fast food restaurant (big mac meal or similar) in Bolzano costs €8 (8 minutes ago) ; Basic lunchtime menu (including a drink) in the business district in Turin costs €18 (15 minutes ago) ; 1 us gal of gasoline in New York City costs $2.64 (about 1 hour ago) ; Basic lunchtime menu (including a drink) in the business district in Curitiba costs R$ 25. DE Germany Compilation: From Q1 2014 onwards: House Price Index (Federal Statistical Office) Q1 2006-Q4 2013: residential property prices, all owner -occupied dwellings, pure price, NSA (based on vdpResearch); Q1 1995-Q4 2005: terraced houses and owner-occupied apartments in 125 cities (based on bulwiengesa AG

Price history of properties in Switzerlan

INDEX & TRAUB automatic turning machines are especially designed for fast, cost-effective production of standard automated turned parts and complex CNC turned parts. The flexibility of CNC technology, combined with the high speed of classic automation, allows the production of small to medium lot sizes at competitive prices King warned that house-price growth will moderate as more homes come on the market for sale.Westpac will target an A$8 billion cost base by the full year of 2024, according to the statement The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.07%. The dollar index was on course to end the week 0.2% lower, as the Fed stuck to its message of ultra-low interest rates for longer 30 St Mary Axe (known previously as the Swiss Re Building), informally known as The Gherkin, is a commercial skyscraper in London's primary financial district, the City of London.It was completed in December 2003 and opened in April 2004. With 41 floors, it is 180 metres (591 ft) tall and stands on the former sites of the Baltic Exchange and Chamber of Shipping, which were extensively damaged.

Publication set - Swiss National Ban

Weak supply continues to drive house prices higher, according to the latest Halifax House Prices Index. The average house price is now at a record high of £225,826. with a 4.4 billion Swiss. Currently, the average price of a single-family home in the region is 2.47 million Swiss francs ($2.77 million), an increase of 7.8 percent since 2019, according to Engel & Volkers's Switzerland.. Toast.finance price today is $1.87 with a 24-hour trading volume of ?. HOUSE price is up ? in the last 24 hours. It has a circulating supply of 11 Thousand HOUSE coins and a max supply of 20 Thousand. Uniswap (v2) is the current most active market trading it

Prices were flat in Gstaad over the past year, while St. Moritz and Crans-Montana saw less severe annual price falls of 1.9% and 2%, respectively, according to the index, which covers four-bedroom. USDCHF 28 04 2021 At the end of March, the price touched a resistance zone consisting of April and January 2019 lines at point 0.946. After that, the price collapsed and a week ago made an important breakdown of the resistance level of 0.918. The price has already broken this level - during the fall in July 2020 and during the rise in March 2021 Each week, Mansion Global tackles a topic with an elite group of designers from around the world who work on luxury properties. This week, we look at how to pull off a Swiss chalet vibe at home Europe to crank up regulatory pressure on China May 03 2021; From gangland London to the wilds of Antarctica May 03 2021; Commodities supercycle arrives as pandemic recedes May 03 2021; Europe's largest banks plan joint attack on US payments giants May 03 2021; Zelensky forced to 'face reality' over peace process with Russia May 03 2021; Churches become a Covid battleground in Brazil May. Swiss Producer Price Index; Swiss Retail Sales; Switzerland CPI; Switzerland GDP; Switzerland Manufacuturing PMI; Switzerland Retail Sales; Taipei; Taipei Stock Exchange; Australia House Price Index; Australia Manufacturing and Services PMIs; Australia Manufacturing PMI; Australia MI Inflation Gauge

Nominal house prices Mix-adjusted house prices index (2003 = 100) Real house prices Source: ONS House Price Index faster than in the rest of the country 0 200 400 600 800 1,000 1,200 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Median house prices, £'000s Source: Land Registry price paid data London England and Wales Range of. Resources The Types of Home / House Surveys First Time Home Buyers Guide, Checklist and Essential Information What's My House Worth and Getting a Home Valuation Land Registry Sold House Prices Index Moving Home Checklist - Things To Do When Moving House New Build Homes and Houses - The Things To Take Into Account Selling Your House Fast - How To Sell Your Home Fas To put this in perspective, consider the magnitude of the run-up in house prices in the United States over 2000-06. Figure 2 shows the U.S. house price-to-rent ratio over the past 40 years. In the five years running up to the peak in the spring of 2006, the house price-to-rent ratio increased over 50% Wrapping up with yesterday's data, the Dallas Fed's manufacturing activity index for March, which rose to a two-and-a-half year high of 28.9 (vs. 16.8 expected). Notably there were more signs of inflationary pressures building, with the finished goods prices index up to 32.2, which is the highest since 2008 Japan Producer Price Index; Japan Retail Sales; Japan Services PMI; Japan Services Producer Price Index; Japan Services Producer Price Index (SPPI) Japan Tankan Survey; Japan Tertiary Industry Activity; Japan Unemployment Rate; Japanese Yen; Jarod Golden; Jeffrey Gundlach; Jerome Powell; JGB; JGB yields; Jibun Bank Manufacturing PMI; Jibun PMI.

Swiss Re Economic Research & Consulting | 2014 US and UK housing prices have increased substantially since the end of the crisis House prices, index (right axis) and %-change yoy (left axis), monthly data Source: Datastream For the US the seasonally adjusted S&P/Case-Shiller 20-city composite index is shown. For the UK we show th SWISS HOUSE MANG ĐẾN GIÁ TRỊ VẺ ĐẸP THỜI GIAN TRÊN CÁNH TAY BẠN - SWISS HOUSE BRINGS THE VALUED BEAUTY OF TIME TO YOUR ARMS! Swiss House. Search this site. Swiss Military Hanowa Navigator Urban Product code: 5-5100.13.003 - Price: 7,885,000 VN. Swiss trading house Mercuria Energy ordered $36 million worth of copper last summer, but received instead a consignment of painted rocks from its Turkish supplier.. Mercuria, one of the five. The UBS Swiss Real Estate Bubble Index rose to 1.24 points in the three months to end June from 1.22 points, according to a statement from UBS AG today. A reading above 2 indicates a bubble Single-family home prices dropped into double-dip territory in March as the housing market remained bogged down by inventory and weak demand, a closely watched survey said on Tuesday

Cost of Living in Switzerland

The broader Retail Prices Index (RPI) - which includes house prices and mortgage interest payments - meanwhile returned to positive territory, with prices 0.3 per cent higher than a year ago Oil stocks: liquidity-fuelled rally will not last Apr 29 2021; Why some tribes want to keep a controversial US pipeline open Apr 29 2021; S&P 500 closes at another record on strong US growth data Apr 29 2021; Glencore suffers revolt over new chief's pay plan Apr 29 2021; Total and Shell report jumps in profit Apr 29 2021; EU industry calls for urgent carbon border tax as prices soar Apr 29 202 Similar results were also obtained by Gupta and Kabundi (2010) and Aye and Gupta (forthcoming) using Bayesian predictive regressions in forecasting the overall US house price index. More recently. House prices and commercial real estate prices also experience large overall declines. House prices fall 27 percent through the fourth quarter of 2022 and recover 3-3/4 percent through the rest of the scenario period, a path of house prices similar to the path in the severely adverse scenario G10 currencies added to the Swiss Franc's 2021 misery during trade on Tuesday, with notable breakouts occurring across multiple CHF pairs. USD/CHF climbed just above 0.9050 at its peak, despite.

The Swiss Franc has seen underlying weakness on many fronts , but evidence that trade tensions are hampering its home economy are unlikely to help. House Price Index MoM (FEB) A: F: P: R: 1%. House prices in key UK cities increased by 5% in the 12 months to January, led by growth of 7.7% in Edinburgh, but a number of cities are still recording a decline in values year on year. Indeed, the Hometrack UK cities house prices index shows that it is regional cities in the North that are leading the growth

Prices Federal Statistical Offic

Former White House Chief of Staff Erskine Bowles and former U.S. Senator Alan K. Simpson suggested a transition to using a chained CPI in 2010, when they headed the White House's deficit-reduction commission. [16] They stated that it was a more accurate measure of inflation than the current system and switching from the current system could save the government more than $290 billion over the. UK Rightmove house price, Japan GDP, industrial output, capacity utilization and U.S. NY Fed manufacturing, NAHB housing index on Monday. Germany producer prices, Swiss industrial production. Still, not everyone is happy about the bank's strategy of money printing and buying up stocks including constituents of the U.S. S&P 500 index. The SNB creates Swiss francs out of thin Alpine. CNC sliding headstock automatics from INDEX & TRAUB are designed for exact and productive manufacturing of long and slim parts with a maximum diameter of 32 mm. The multitude of variants, miniturization and precision of the work pieces are but a few of the demands on a CNC swiss turning center Find out property price trends in the UK from the house price index. Cookies on GOV.UK. We use some essential cookies to make this website work. We'd like to set additional cookies to understand.

House prices in Europe per country 2020 Statist

Market Review - 28/05/2020 23:49GMT . Dollar falls to 2-month low on risk-on sentiment The greenback pared its initial gains made in Asia and ended the day lower against majority of its peers on. Swiss Franc The Euro has risen by 0.05% to 1.1031 EUR/CHF and USD/CHF, A.. Swiss Re has reported $333m Group net income for the first quarter of 2021, a massive turnaround from the $225m losses it recorded in the same period of 2020. The Group also saw growth in net premiums earned and fee income of more than $10.2bn over the same three-month period List of prices in Zurich (Switzerland) for food, housing, transportation, going out, and more on May 2021. Compare the Cost of Living in Zurich with any other city in the world Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s. WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market

Swiss House Shop Ltd

The US government might argue that the Swiss saving rate is artificially inflated by government intervention in the foreign exchange market. But the Swiss purchase of foreign assets is motivated by a huge rise in the demand for Swiss francs, which has caused the Swiss National Bank's balance sheet to balloon to well over 100% of GDP 1 Double Counting, for bonds traded in units: turnover volume in units, 0-values indicate a price without turnover . 2 WBAH = Official Market, WBDM = Vienna MTF (Multilateral Trading Facility). 3 Yield p.a. (yield to maturity) calculated according to ICMA. For further details see help Asking price index (year-on-year change) 2.0% 1.4% 2.4% Asking price (CHF per 6-6.5 room house, median) — — 1,155,000 Marketing duration (days, median, Q2) 63 65 61 Owner-occupied market Development of asking prices (index 2007 Q1 = 100) Number of properties on offer (per quarter) Key indicators for the major centres Key indicators for. Asking price index (year-on-year change) 2.5% 1.3% 2.4% Asking price (CHF per 6-6.5 room house, median) — — 1,150,000 Marketing duration (days, median, Q4) 77 73 — Owner-occupied market Development of asking prices (index 2007 Q1 = 100) Number of properties on offer (per quarter) Key indicators for the major centres Key indicators for.

Switzerland - Economic Indicator

Case-Shiller Home Price Index Houses (8 days ago) The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of US residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions The price series is based on the Case and Shiller Composite 10 house prices index while the dividend series is obtained as the average rent of the owned and occupied housing stock. Bank of Canada/Atlanta FED/Cleveland FED/Swiss National Bank, the 2013 AEA meetings, Queen׳s University, Universitat Pompeu Fabra, SNDE, CEF. We especially. Unarguably, the most popular technical indicator in Forex trading is moving average. The fundamental factors influencing the currencies are far more varied than the perceived technical forces (momentum, support and resistance, pivots). Moreover, traders assign different degrees of importance to different factors. Some prefer employment indicators, others watch changes in commodity price indices Habitat, water security and air quality: New index reveals which sectors and countries are at risk from biodiversity loss . Swiss Re Institute's Biodiversity and Ecosystem Services Index analysis highlights which economic sectors are most reliant on nature and the exposure each country has to biodiversity and ecosystems services decline The Consumer Price Index (CPI) for food measures changes in the retail prices of food items and is the principal indicator of changes in retail food prices. The Producer Price Index (PPI) for food measures changes in prices paid to domestic producers for their output and is a natural extension of ERS's work with the CPI for food. ERS regularly updates food price forecasts for the short-term.

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Cost Of Living Comparison Between United Kingdom And

House Prices (Index & %YoY) Real Estate Bubble (Index) -10 0 10 20 500 400 300 200 1985 1990 1995 2000 2005 2010 2015 UBS Swiss Real Estate Bubble Index The Swiss National Bank, with the help of the Swiss government, has sought to address this situation in the past few years. It has, for example, adjusted the required down payment. Taken together, these factors reinforce our view that house prices will see a 3.5% fall in 2020, and not collapse. Our base case is for house prices to grow 4% in 2021, which will reverse the house price falls we expect to see this year. That will reflect an improving economy, which will further boost confidence and credit supply next year In order to help you check the long-term evolution of the main currencies against Euro, we have created a table with up to date Sterling, Ruble, Swedish Krona, Norwegian Krone, Dollar, Yuan and Shekel long-term evolution against Euro. Check what happened to the Sterling after the Brexit vote in 2016 Kurt Karl | Swiss Re Economic Research & Consulting 9 US housing prices have increased recently whereas UK prices have been roughly flat House prices, index (right axis) and %-change yoy (left axis), monthly data Source: Datastream For the US the seasonally adjusted S&P/Case-Shiller 20-city composite index is shown. For the UK we show th

Housing Price Index (HPI), Housing by State - Barchart

The paper money of Zimbabwe were physical forms of Zimbabwe's four incarnations of the dollar ($ or Z$) from 1980 to 2009. The banknotes of the first dollar replaced those of the Rhodesian dollar at par in 1980 following the proclamation of independence. The Reserve Bank of Zimbabwe issued most of the banknotes and other types of currency notes in its history, including the Bearer cheques and. Consumer prices index rose to 0.7% in March as economy recovers from Covid-19 crisisCoronavirus - latest updatesSee all our coronavirus coverageUK inflation jumped in March, driven by the higher cost of petrol and clothes in a signal that prices are moving to an upward trajectory as the economy recovers from the coronavirus pandemic.The. The Consumer Price Index excluding indirect taxes (CPIY) provides a measure of inflationary pressures excluding the effects that policy changes have on the CPI measure. This box considered how changes in VAT had contributed to the difference between CPIY and CPI at the time and what this meant for underlying inflationary pressures Boehner's much-anticipated memoir, On the House, The Producer Price Index for final demand was up a full 1 percent in March alone, as it had been in April. Swiss, and German firms..

UBS Global Real Estate Bubble Index 2020: Zurich moves

Royal Bank of Scotland predict that the Consumer Prices Index rose by 2.8%, but will spike over 3% this autumn. RANsquawk (@RANsquawk) RBC on UK inflation: Look for 2.8% Y/Y as a reflection of GBP. File - In this Thursday, Feb. 13, 2020 file photo, Thomas Gottstein, the CEO of the Swiss bank Credit Suisse, prior the press conference of the full-year results of 2019 in Zuerich, Switzerland Detailed calendar of economic events that impact United States for May 25, 2020. Part of an extensive economic calendar database covering many world countries and currencies Today's Calendar Estimates Previous Country / GMT SP 1Q INE House Price Index QoQ - 0.20% EUR / 07:00 SP 1Q INE House Price Index YoY - 1.80% EUR / 07:00 SP Apr House transactions YoY - 2.10% EUR. The application provides you with the most up-to-date foreign exchange market information in the real-time. You will have rich set of FX tools including quotes, charts, news, calendars and video reviews provided by Dukascopy TV studio

Housing in this German city is the most overpriced in the

This means that if an individual client or business holds 3 million Swiss francs ($3.1 million) with the bank for one year, they would be charged 7,500 Swiss francs ($7,750) The release of the UK house prices index by Nationwide indicated that home prices fell 1.7% in May, which is the largest monthly price drop since February 2009, at the peak of the financial crisis. The release of the M4 money supply report for April by the Bank of England also boosted the pair as the print beat expectations House prices rebound to record high, says Nationwide A verage house prices rose by a little over £3,000 in August as the property market reversed losses made during the pandemic and hit a new all. Barclays' continued clout in the inflation business was shown when it landed the duration manager role on the UK Debt Management Office's tap of its 2068 index-linked gilt in September last year, which it issued for the first time in 2014. With a per-basis-point interest rate sensitivity of around £22 million ($31 million), it was the largest.

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Rate this postRead More. Our founders started this website as they had to go through the hassle of the Spanish residential market themselves a few years ago and noticed that there was no answer on the market CPI, 1988 to present, 2005=100 Monthly annualised change over a similar period. It is this number which forms both the headline and target figures. The Consumer Price Index (CPI) is the official measure of inflation of consumer prices of the United Kingdom. It is also called the Harmonised Index of Consumer Prices (HICP). [1] Contents. Histor Much of the UK property industry expects house prices to fall in the next three months, as lockdown, home-schooling and the end of a stamp duty holiday cool the market. One leading economic analyst also predicted prices will be 2% lower in a year's time, knocked by a deteriorating jobs market, tougher mortgage rules and higher rates, and. In 2019, 16 items have been added to the Consumer Prices Index including owner occupiers' housing costs (CPIH) and Consumer Prices Index (CPI) baskets, 10 items have been removed and 16 have been modified. This article describes the review process and explains how and why the various items in the consumer price inflation baskets are chosen DHA Defence DHA Phase 4 Property. 7800 Sq. Ft Luxury Brand New House With Swimming Pool And Home Theater Dha Phase 5-Future Planners Offers 7800 sq. ft Luxury Brand New House With Swimming Pool And Home Theater DHA Phase 5 Details: 5 large bedrooms w/ attached sitti Switzerland's producer and import prices decreased at a slower-than-expected pace in May, figures from the Federal Statistical Office showed Tuesday. The producer and import price index dropped 1.2 percent year-over-year in May, below economists' expectations for a 1.5 percent decline. It was also slower than the 2.4 percent fall in March

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