Switzerland August trade balance CHF 2.13 billion vs CHF 2.26 billion prior

Latest data released by the Swiss Federal Statistical Office - 20 September 2018

• Prior CHF 2.26 billion; revised to CHF 2.21 billion
• Exports +0.6% m/m
• Prior -1.4%; revised to -2.0%
• Imports -2.8% m/m
• Prior -1.4%; revised to -1.3%
• Swiss watch exports +5.5% y/y
• Prior +6.6%

Of note imports continued to decline while exports recovered a little on the month, though July figures for that were revised lower still. The overall trade balance surplus remains steady. Nothing else from the report here really. The focus for the Swiss franc now is all about the SNB meeting decision/statement to come later at 0730 GMT.