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Swiss Q1 Trade Surplus Increases
Switzerland's trade surplus increased to CHF 5.45 billion in the first quarter, data from the Federal Statistical Office revealed Tuesday. The trade surplus totaled CHF 5.29 billion in the same period of previous year and CHF 4.95 billion in the fourth quarter of 2010. Exports grew by a real 12.3 percent annually in the first quarter, following a 7.3 percent growth in the previous quarter. At the same time, imports increased at a pace of 6.5 percent, down from 10 percent expansion recorded in the fourth quarter. In March, exports and imports rose 7.2 percent and 4.6 percent in real terms from the same period of last ... (full story)