Switzerland May trade balance CHF 3.41 billion vs CHF 2.29 billion prior
Latest data released by the Federal Statistics Office - 20 June 2019
- Prior CHF 2.29 billion
- Exports -1.2% m/m
- Prior -0.6%; revised to -0.3%
- Imports +0.7% m/m
- Prior +1.5%
Much like trade conditions in the euro area, exports continue to take a hit amid growing global trade tensions but at least domestic demand continues to hold up for the time being. A minor data point though but it'll help the SNB with reasons to stay the dovish course.