Latest data released by the Federal Statistics Office - 19 November 2020
- Prior CHF 3.28 billion; revised to CHF 3.05 billion
- Exports -0.5% m/m
- Prior -2.1%; revised to -1.8%
- Imports -3.4% m/m
- Prior +2.1%; revised to +3.2%
Swiss trade surplus grew to start Q4 but not in a good way, as exports slumped a little with imports slumping more heavily on the month. That still hints that trade conditions are still drifting for the most part as they keep below pre-virus levels, despite some improvement in recent months from the lows since moving away from lockdown.
