Imports stagnant, exports grow: high franc pressures both

Source: Swiss Statistical Office, 22.11.11

BERN, SWITZERLAND – The Swiss trade balance for 2011 to date has ballooned by 10 percent compared to a year earlier, to CHF2.2 billion, October trade figures show.

The high franc continues to put pressure on prices, and exports continued to show slowed growth of 1.5 percent for the month, with export prices falling 7.3 percent.

Imports were stagnant at CHF14.9m, compared to exports of CHF17b, but prices slipped with imports as well, down 3.2 percent, with prices for goods down 2.6 percent.

The watchmaking, chemicals and machining industries grew, but their export growth hides the bigger picture, with most other industries showing continuing falling exports.

Title: Kayak and VTT camp for children
Location: Goumois, Jura
Link out: Click here
Description: Camp during October school break, in the French Jura, week of 19 October
Start Date: 19 Oct 2009
End Date: 25 Oct 2009