Switzerland Trade Surplus Narrows in March


Swiss exports fell in March, dragged down by some ease of momentum in the watch and machinery sectors. Also, there were two fewer working days in the month. Overall, Switzerland ran a merchandise trade surplus of 1.7 billion Swiss francs in March.

Exports from Switzerland fell by a real 2.0 percent in March to 17.69 billion Swiss francs. When adjusted for the smaller number of working days exports rose by a real 7.3 percent, the office said. 

Exports from the machinery and electronics sector, the country's second biggest export category, fell by a real 9.3 percent, while shipments of watches decreased 5.4 percent. 
 
Sales to Europe fell 6.4 percent in March. Switzerland's sales to the 17-nation euro zone were down 5.7 percent in March. 

Federal Customs Administration | Nuno Fontes | nuno@tradingeconomics.com
4/23/2013 9:49:54 AM