-
Third quarter of 2018: Foreign trade declines for the first time in seven quarters
After one and a half years of continuous growth in Swiss foreign trade Exports declined in the third quarter of 2018 compared to the record-high previous quarter by 2.9 percent. Nevertheless, they remained above the 54 billion franc mark. Imports sank at a high level of 1.5 percent, which corresponds to 768 million Swiss francs. The trade balance resulted in a surplus of 3.5 billion francs. After six quarters of positive growth, exports in the third quarter of 2018 were seasonally adjusted down 2.9 percent on the previous quarter (real: - 2.3 percent). Nevertheless, remained above the 54 billion franc threshold and ... (full story)