Swiss Trade Surplus Wides in October

Switzerland's trade surplus widened in October to CHF 2.2 billion from CHF 1.9 billion a month earlier, data from the Federal Customs Administration showed on November 22nd.

Exports rose 9.5 percent year-on-year in October in real terms, compared to 9.9 percent growth in September. Imports increased 3.4 percent, following 3.6 percent annual increase recorded during the month before.

Total exports were boosted by higher demand for Swiss watches and chemicals. The chemical industry saw 23.2 percent more shipments in October than a year earlier.

Separately, the Federation of the Swiss Watch Industry, FH, said that monthly value of watch exports rose to an all-time high in October. The total of CHF 1.9 billion exceeded the October 2010 level by 18.6 percent.

 Swiss Trade Surplus Wides in October, Federal Statstical Office
11/22/2011 12:14:42 PM