Swiss Trade Surplus Increases On Exports

Switzerland’s trade surplus increased in August on higher exports amid another fall in imports, data from the Federal Customs Administration showed Thursday.

The trade surplus rose to a four-month high of CHF 1.4 billion from CHF 1.2 billion in July. This was the highest since April.

Exports grew 0.6 percent month-on-month, reversing a 2 percent drop in July. Meanwhile, imports declined at a faster pace of 2.8 percent after falling 1.3 percent a month ago.

Another report from the Federation of the Swiss Watch Industry FH showed that watch exports advanced 5.5 percent year-on-year to reach CHF 1.5 billion in August.

The cumulative figure for watch industry exports since January totaled CHF 13.8 billion.

The material has been provided by InstaForex Company – www.instaforex.com

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