Investing.com – Switzerland's trade surplus widened more-than-expected in October, official data showed on Tuesday.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF2.15 billion in October, up from CHF1.91 billion in September, whose figure was revised up from CHF1.85 billion.
Economists had expected the trade surplus to widen to CHF2.06 billion in October.
The report said that exports totaled CHF17.0 billion in October, while imports came in at CHF14.85 billion.
Following the release of the data, the Swiss franc was higher against the U.S. dollar, with USD/CHF edging 0.18% to trade at 0.9157.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF2.15 billion in October, up from CHF1.91 billion in September, whose figure was revised up from CHF1.85 billion.
Economists had expected the trade surplus to widen to CHF2.06 billion in October.
The report said that exports totaled CHF17.0 billion in October, while imports came in at CHF14.85 billion.
Following the release of the data, the Swiss franc was higher against the U.S. dollar, with USD/CHF edging 0.18% to trade at 0.9157.