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​Switzerlands trade surplus fell in October

2017-11-21 08:11 am | Resource: NEWS | No Views : 336



Switzerland's trade surplus fell in October, with trade surplus falling to 2.4 billion Swiss francs from 2.8 billion Swiss francs in September.

Exports fell 1.8% month-on-month in October, following a 1.3% drop in September. Meanwhile, imports fell by 1.1%, down from a 3.1% drop recorded a month earlier.

On an annual basis, exports grew by 2.3%, while imports fell by 2.5% in October.

Elsewhere, a report from the Swiss Watch Industry Association showed that watch industry exports continued to profit from the recovery of some major markets.

Watch exports rose 9.3 percent year-on-year to 1.85 billion Swiss francs in October.


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