Switzerland released the trade balance figures for March, where the seasonally adjusted exports index dropped unexpectedly by 2.5% from the revised previous expansion of 12.0% from 9.2%, missing estimates of 1.0% expansion.

Import on the other hand expanded by 4.6% from the revised previous drop of 12.2% from 12.3% drop, accordingly the trade surplus narrowed to 1.69 billion franc from the revised previous of 2.61 billion from 2.68 billion, below expectations of 3.00 billion franc.