Investing.com – Switzerland's trade surplus narrowed more-than-expected in June, 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 CHF1.7 billion in June, down from CHF3.25 billion in May, whose figure was revised from CHF3.3 billion.
Economists had expected the trade surplus to narrow to CHF2.5 billion in June.
The report said that exports rose 5.2% in June, after falling 3.7% in May, while imports increased by 2.5%, following a drop of 5.7% in the previous month.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF easing up 0.09% to trade at 0.8207.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF1.7 billion in June, down from CHF3.25 billion in May, whose figure was revised from CHF3.3 billion.
Economists had expected the trade surplus to narrow to CHF2.5 billion in June.
The report said that exports rose 5.2% in June, after falling 3.7% in May, while imports increased by 2.5%, following a drop of 5.7% in the previous month.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF easing up 0.09% to trade at 0.8207.