21.09.201702:36:00UTC+00Swiss Trade Surplus Shrinks In August

Switzerland's foreign trade surplus decreased in August, as imports grew faster than exports, figures from the Federal Customs Administration showed Thursday.

The trade surplus shrank to CHF 2.2 billion in August from CHF 3.5 billion in July.

In real terms, both exports and imports rose by a seasonally adjusted 2.8 percent and 3.0 percent, respectively in August from a month ago.

On a yearly basis, exports grew a working-day-adjusted 6.1 percent in August and imports climbed by 6.5 percent.

A report released by the Federation of Swiss Watch Industry showed that watch exports advanced 4.2 percent year-over-year to CHF 1.4 billion in August.