Rising exports and falling imports is certainly the best method to improve a trade balance and that is exactly what we saw in Switzerland in July, exports climbed 1.9% from June while imports fell 4.0% from the month prior, allowing the trade balance to widen to 2.89 billion francs from 1.77 billion in June. Reviving global demand for Swiss exports, particularly from Germany – Switzerland’s biggest trading partner – is helping Switzerland’s export-led recovery to take hold and gather momentum.
Written by Jonathan Granby, DailyFX Research Team
If you wish to contact the author with comments or questions email jgranby@fxcm.com
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