Investing.com – Switzerland's trade surplus widened more-than-expected in November, 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 CHF3.00 billion in November, up from CHF2.16 billion in October, whose figure was revised up from CHF2.15 billion.
Economists had expected the trade surplus to widen to CHF2.47 billion in November.
The report said that exports totaled CHF17.76 billion in November, while imports came in at CHF14.76 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 0.9371.
In a report, Switzerland’s Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF3.00 billion in November, up from CHF2.16 billion in October, whose figure was revised up from CHF2.15 billion.
Economists had expected the trade surplus to widen to CHF2.47 billion in November.
The report said that exports totaled CHF17.76 billion in November, while imports came in at CHF14.76 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 0.9371.