Switzerland September trade balance CHF 3.28 billion vs CHF 3.58 billion prior

Latest data released by the Federal Statistics Office - 20 October 2020

• Prior CHF 3.58 billion; revised to CHF 3.54 billion
• Exports -2.1% m/m
• Prior +2.9%; revised to +3.0%
• Imports +2.1% m/m
• Prior -1.3%; revised to -0.5%

In real terms, exports declined on the month while there was a slight improvement in imports but both are still a distance away from pre-virus levels. So, it is tough to say that there is any major improvement in trade conditions for the time being.