Swiss trade surplus shrinks in AprilStaff Writer | May 23, 2017
Switzerland's foreign trade surplus decreased in April, as exports fell and imports rose, figures from the Federal Customs Administration showed.
Switzerland Exports fell a seasonally adjusted 2.5%
In real terms, exports fell a seasonally adjusted 2.5% month-over-month in April, while imports climbed by 2.6%. On a yearly basis, exports declined 3.8% in April and imports grew by 1.0%.
A report released by the Federation of Swiss Watch Industry showed that watch exports fell 5.7% year-over-year to CHF 1.5 billion in April. During the first four months of the year, total watch exports dropped 3.6%. ■