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Financial News: Swiss Trade Surplus Increases On Exports

Swiss Trade Surplus Increases On Exports

09/20/2018 - 02:25:00 (RTTNews)

(RTTNews) - 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.

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