Swiss Exports + 7.9 percent YoY, Imports +11.8 percent. Trade Surplus +2.9 bn CHF.

Summary:
Exports and Imports YoY Development In July 2016, Swiss exports declined due to two working days less. Adjusted for this difference, exports were up 7.9% YoY (in real terms: + 2.4%) and imports 11.8% YoY (in real terms: + 8.2%). Exports and Imports MoM Development  Compared with June 2016, seasonally adjusted exports rose by 3.5% (in real terms: + 5.5%). Thus the positive trend that began in mid-2015 continues. Imports up 11.8% year on year (real: + 8.2%). In seasonally adjusted terms (compared the previous month), they showed growth of 9.1% (real terms: + 9.2%), confirming their upward trend of previous months.   Click to enlarge. From Swiss Customs Trade Balance The trade balance was in surplus of 2.93 billion francs. This was less than analysts expected. Sector findings Chemicals and pharmaceuticals increased exports and imports strongly Exports of machinery and electronics: 3rd monthly rise in 2016 Growth of trade with major partners in both directions Exports of watches still lagging behind Click to enlarge. Source Investing.

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George Dorgan considers the following as important: Featured, newsletter, Swiss Macro, Switzerland Exports, Switzerland Imports, Switzerland Trade Balance

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