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Swiss Trade Surplus Widens, Watch Exports Slump

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 19, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Data released today indicated that Swiss trade surplus widened to 4.1bn from revised higher 3.25bn. On an annual basis, both exports and imports declined by -1.5% and -5.3%, respectively in October. Swiss watch industry exports fell sharply by -12.3% percent on demand weakness in Asia. The slump in export continued[​IMG]

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