Latest data released by the Swiss Federal Statistical Office
- Prior CHF 1.90 billion; revised to CHF 1.96 billion
- Exports +0.6% m/m
- Prior -5.0%; revised to -4.3%
- Imports +4.8% m/m
- Prior +3.7%; revised to +3.9%
- Swiss watch exports +0.2% y/y
- Prior -2.8%
The positive news here is that exports recovered some ground after a terrible showing in December but still remains a little weaker as compared to what was seen around October to November last year. A minor data point on the day though, not one that will materially impact swissie sentiment.
