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