Switzerland July trade balance CHF 2.26 billion vs CHF 2.59 billion prior

Latest data released by the Swiss Federal Statistical Office - 21 August 2018

• Prior CHF 2.59 billion; revised to CHF 2.56 billion
• Exports -1.4% m/m
• Prior +0.5%; revised to -0.1%
• Imports -1.4% m/m
• Prior -0.4%; revised to -0.3%
• Swiss watch exports +6.6% y/y
• Prior +11.8%; revised to +12.1%

Slight delay in the release of the trade balance figures. A notable decline in both exports and imports on the month and a lower revision for exports as well for June. Seems like it's not just the Eurozone which is affected by global trade tensions. Nonetheless, this is very much a minor data point and there isn't much else to gather from the release here.