Switzerland released the trade balance figures for July, where the total surplus advanced to 2.83 billion Swiss francs, more than the previous surplus of 1.74 billion Swiss francs.

Moreover, the seasonally adjusted Swiss exports dropped beyond expectations by 3.0% more than the revised previous expansion to 3.8% from 5.2% and beyond the expected drop of 2.5%.

In addition, the seasonally adjusted Swiss imports retreated by 0.1% from the adjusted previous of 1.0% from 2.5%.