Swiss foreign trade sluggish in October

Switzerland's international trade stagnated in October, on both the export and import sides, reflecting the uncertainties weighing on the global economy. +Get the most important news from Switzerland in your inbox However, the watchmaking industry rebounded for the first time since July. In the month under review, seasonally adjusted exports stagnated at CHF22.53 billion, representing a month-on-month decline of 0.3% in nominal terms and 0.6% in real terms, the Federal Office of Customs and Border Protection (FOCB) reported on Thursday in its monthly statement. + Read more: Switzerland secures US tariff rate cut to 15% Imports also levelled off at CHF19.91 billion (+0.2% nominal, +0.1% real). The seasonally adjusted trade balance came to CHF2.62 billion, after CHF2.74 billion the previous month. In detail, exports were weighed down mainly by the decline in vehicles (-39.5% nominal) and jewellery (-13.6%). At the same time, sales of chemicals and pharmaceuticals (+1.0%), metals ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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