Market Updates: Switzerland’s Trade Balance Reports a Surplus of 3.13B - Forex News by FX Leaders

Market Updates: Switzerland’s Trade Balance Reports a Surplus of 3.13B

Posted Tuesday, March 19, 2019 by
Arslan Butt • 1 min read

The Federal Statistical Office of Switzerland just reported a trade surplus. Here’s a quick update:

The trade balance rose to 3.13B vs. 2.88B forecast. As per the report, Switzerland’s exports also rose in February 2019, seasonally adjusted to 2.3%. This continued the positive trend in exports recorded since September 2018.

While, after two solid months of growth, imports slid into the negative area in February (- 1.2%, real: – 3.0%). The trade balance showed one surplus of 2.0 billion Swiss Francs.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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