• CHF +2.03 bln prev

A big miss on expectations and even bigger on previous reading

  • monthly figure is the lowest level in 4 years
  • imports up 8.4% to CHF 14.2 bln
  • 3% cost in imports also adding to the reduced trade surplus
  • exports rose a nominal 5.2% to CHF 14.7 bln
  • watch exports up 3.8% in Dec posting a record CHF 21.84 bln total for 2013
  • machines and electronic devices up 13.3%

CHF unfazed at the moment

USDCHF a little higher at 0.9045 and EURCHF 1.2228