USDJPY
EURUSD
others
Switzerland November trade balance CHF 3.84 billion vs CHF 4.32 billion prior
Key Takeaways (30s Read)
Switzerland's trade surplus narrows in November due to decreased exports.
Switzerland's November trade balance narrowed significantly due to a decline in exports. The trade balance is reported at CHF 3.84 billion, down from the previous CHF 4.32 billion, which was revised down to CHF 4.20 billion. This contraction is attributed to a 7.1% month-on-month drop in exports, alongside a 6.8% decrease in imports. Notably, Swiss watch exports have also seen a year-on-year decline of 7.3%, totaling CHF 2.25 billion. The volatility in Swiss trade numbers often excludes precious metals, stones, artworks, and antiques, making the analysis of these figures particularly nuanced.
AI Analyst
AI Opinion
"The narrowing of Switzerland's trade surplus raises concerns about the health of its economy. The decline in exports suggests a drop in global demand, and the significant decrease in watch exports, a luxury sector, could indicate potential weaknesses in the Swiss economy. The Swiss Franc may react in the short term following the trade balance announcement, but investors must consider other macroeconomic indicators and market trends as well. It is essential for traders to analyze this data to gauge the outlook for the Swiss economy and export markets carefully."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.