The FINANCIAL — Swiss exports declined in January because of weaker demand for the country’s pharmaceuticals, chemicals and machinery, and one fewer work day, according to Nasdaq.
Exports in January fell 6.2% from a year earlier, in real terms, to 16.40 billion Swiss francs ($17.4 billion), the customs office said Thursday. In nominal terms, exports slipped 4.4%, it said.
Imports reached 12.97 billion francs, down 9.4% in real terms and 11.4% in nominal terms, according to Nasdaq.
The trade surplus widened to 3.4 billion francs from 1.5 billion francs in December.
Watch exports in January rose a nominal 3.7%, according to the customs office. Watch exports were worth 1.64 billion francs, for a gain of 3.4% in real terms, according to Nasdaq.
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