Investing.com – Switzerland's trade surplus widened less-than-expected in April, 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 widened to CHF1.52 billion in April, up from CHF1.0 billion in March, whose figure was revised down from CHF1.09 billion.
Economists had expected the trade surplus to widen to CHF2.0 billion in April.
The report said that exports rose 7.9% in April, while imports increased by 4.0%.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.22% to hit 0.8706.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF1.52 billion in April, up from CHF1.0 billion in March, whose figure was revised down from CHF1.09 billion.
Economists had expected the trade surplus to widen to CHF2.0 billion in April.
The report said that exports rose 7.9% in April, while imports increased by 4.0%.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.22% to hit 0.8706.