Switzerland Trade Surplus widens in November

Switzerland released the trade balance figures of November, where the trade surplus widened to 3.00 billion franc from the previous of 2.15 billions, better than expectations of 2.00 billion franc.

The surplus expanded in the month despite the drop in exports, which fell 6.8% from the revised previous of 0.9% from 1.3% expansion, where imports dropped sharply by 7.7% from the prior 1.4%.