Investing.com – Switzerland's trade surplus narrowed more-than-expected 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 CHF2.07 billion in December, down from CHF2.95 billion in November, whose figure was revised down from a surplus of CHF3.0 billion.
Economists had expected the trade surplus to narrow to CHF2.85 billion in December.
The report said that exports rose 6.1% to CHF15.63 billion in December, while imports climbed 7.6% to CHF13.56 billion.
Following the release of the data, the Swiss franc was fractionally higher against the U.S. dollar, with USD/CHF edging down 0.02% to trade at 0.9152.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF2.07 billion in December, down from CHF2.95 billion in November, whose figure was revised down from a surplus of CHF3.0 billion.
Economists had expected the trade surplus to narrow to CHF2.85 billion in December.
The report said that exports rose 6.1% to CHF15.63 billion in December, while imports climbed 7.6% to CHF13.56 billion.
Following the release of the data, the Swiss franc was fractionally higher against the U.S. dollar, with USD/CHF edging down 0.02% to trade at 0.9152.