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Swiss Sept. Trade Surplus Exceeds Forecast


Switzerland's trade surplus beat expectations in September, the latest figures from the Federal Customs Administrations showed Tuesday.



The trade surplus for September was CHF 2.5 billion compared with an expected CHF 2 billion surplus. In the July-September period, the trade surplus was CHF 6.9 billion.



Exports grew 2.2 percent year-on-year in nominal terms to CHF 16.9 billion in September. Meanwhile, imports declined 2.6 percent to CHF 14.4 billion. In real terms, exports grew 5.3 percent annually and imports fell 0.9 percent.



In the third quarter, exports grew 0.7 percent year-on-year in real terms, while imports fell 2.2 percent.





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2013-10-22 12:42