• prev CHF +3.8bln revised down from 3.87bln
  • exports real mm -3.1% vs +0.1% prev revised up from -0.1%
  • imports real mm+0.7% vs -3.0% revised up from -3.3%
  • watch exports fall 1.3% in Dec yy to CHF 1.1797bln

UBS real estate bubble index Q4 1.28 vs 1.29 prev, saying

Slightly stronger fundamentals and weaker mortgage growth helped deflate the real estate bubble index.

The growing scarcity of investmenr opportunities, however, led to a marked increase in demand for real estate investments

USDCHF 0.9283 EURCHF 1.0518 both a little higher on the weaker trade headline

Swiss trade balance mm

Swiss trade balance mm