Investing.com – Switzerland's trade balance narrowed unexpectedly in December, official data showed on Thursday.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF1.28 billion in December, down from CHF1.79 billion in November, whose figure was revised down from CHF1.93 billion.
Economists had expected the trade balance surplus to widen to CHF1.97 billion in December.
The report said that exports rose by 4.2% in December, while imports dropped by 4.1% in the month.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.12% to hit 0.9409.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF1.28 billion in December, down from CHF1.79 billion in November, whose figure was revised down from CHF1.93 billion.
Economists had expected the trade balance surplus to widen to CHF1.97 billion in December.
The report said that exports rose by 4.2% in December, while imports dropped by 4.1% in the month.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.12% to hit 0.9409.