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​Switzerlands foreign trade surplus fell in August

2017-09-21 07:50 am | Resource: NEWS | No Views : 283

Switzerland's foreign trade surplus fell in August as imports grew faster than exports, the Federal Customs Administration said on Thursday.

The trade surplus shrank to 2.2 billion Swiss francs in August from 3.5 billion Swiss francs in July. In terms of real value, both exports and imports rose seasonally adjusted by 2.8 percent and 3.0 percent respectively in August.

On an annualized basis, exports rose by 6.1% in August, and imports rose 6.5%. A report by the Swiss Watch Industry Association showed that watch exports rose 4.2% YoY to 1.4 billion Swiss francs in August.

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