Swiss Trade Surplus Narrows in April

Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported.

The surplus decreased to CHF 1.33 billion in April from CHF 1.58 billion in March.

Exports dropped by real 0.9 percent from a month ago, following a 2.4 percent decline in March. At the same time, monthly increase in imports slowed to 2.6 percent from 5.9 percent.

In the first quarter, the trade balance showed a surplus of CHF 5.84 billion compared to a surplus of CHF 6.94 billion in the fourth quarter of 2011.

Swiss Trade Surplus Narrows in April, Federal Customs Administration
5/24/2012 3:36:57 PM