CHF Trade Balance
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;
A positive number indicates that more goods were exported than imported. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
- CHF Trade Balance Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 20, 2024 | 5.81B | 3.84B | 4.34B |
May 30, 2024 | 4.32B | 3.98B | 3.77B |
Apr 18, 2024 | 3.54B | 3.22B | 3.68B |
Mar 19, 2024 | 3.66B | 3.50B | 4.70B |
Feb 20, 2024 | 4.74B | 2.35B | 1.27B |
Jan 30, 2024 | 1.25B | 2.55B | 3.83B |
Dec 19, 2023 | 3.71B | 3.50B | 4.71B |
Nov 21, 2023 | 4.60B | 5.87B | 6.28B |
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- CHF Trade Balance News
- From cityindex.com|Jun 20, 2024|3 comments
All eyes are on the Swiss National Bank (SNB) and Bank of England (BOE) for today’s interest rate decisions, although it is the former which will likely garner the most attention. The SNB surprised markets with a cut in March and bets were on for another cut in June. Yet the rate of their lowing inflation has declined, GDP was stronger than expected and the central bank seems to have switched tactics with the Swiss franc, saying a weaker currency is a threat (for more) inflation. chart As cutting rates could weaken the currency, it ...
- From businesstimes.com.sg|May 30, 2024
Monthly Swiss watch exports posted a surprise gain in April as a revival in demand for premium and luxury timepieces in the US and Japan offset continued weakness from China. Shipments rose 4.5 per cent by value to 2.1 billion Swiss francs (S$3.1 billion) in April from a year earlier, the Federation of the Swiss Watch Industry said on Thursday (May 30). The increase follows a sharp drop the month before. They were helped by an 11.6 per cent jump in exports to the US, the biggest market for Swiss watches, which reversed a fall ...
- From bnnbloomberg.ca|Sep 19, 2023
Swiss watch exports rose in August, rebounding from a July decline that marked the first monthly drop in more than two years. Shipments rose by 4% last month to 1.8 billion francs ($2 billion), with the US, the top export market for the country’s timepieces, driving the increase with a 13.5% rise, the Federation of the Swiss Watch Industry said Tuesday. The bounceback shows demand remains solid despite higher prices and slowing economic growth. The industry is still on track for a better performance than 2022, when exports hit a ...
- From bnnbloomberg.ca|Dec 20, 2022
Swiss watch exports jumped to a record high in November as Americans snapping up pricey timepieces outweighed slumping demand from China. Shipments rose 10.9% to a monthly record of 2.4 billion francs ($2.6 billion) last month, the Federation of the Swiss Watch Industry said Thursday. Exports totaled 22.9 billion francs from January to November, an 11.9% rise and on track for the industry’s best year ever. Retailers in Qatar stocked up on expensive watches ahead of the World Cup, the data show, with exports soaring 112% to 36 million ...
- From bnnbloomberg.ca|Nov 17, 2022
Swiss watch exports grew at a slower pace in October as shipments to China declined, suggesting a slight moderation in demand for high-end timepieces. Shipments rose 6.7% to 2.27 billion francs ($2.4 billion) last month, the Federation of the Swiss Watch Industry said Thursday. Exports are up 12% in the first ten months of the year, on track for a record. Demand for luxury watches has risen to record levels after more cash-flush consumers discovered Swiss brands from Rolex and Omega to Patek Philippe while stuck at home during the ...
- From swissinfo.ch|Oct 20, 2022
Swiss watch exports surged 19% in September, putting the industry on track for a record year in 2022. Shipments rose to 2.2 billion francs ($2.2 billion) last month, making September one of the best on record, the Federation of the Swiss Watch Industry said Thursday. Exports are up 13% in the first nine months of the year. Growth was led by the U.S., Japan, Singapore and the United Arab Emirates last month. Exports rose 15% in China despite the government’s Covid-zero strategy. The luxury-goods industry has bounced back from the ...
- From bnnbloomberg.ca|Aug 18, 2022
Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms. Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday. That’s the highest value for exports of Swiss watches since a record performance in October 2014. Demand for luxury watches has been soaring after many cash-flush consumers ...
- From newsd.admin.ch|Jan 27, 2022|1 comment
While the COVID-19 pandemic cast a massive shadow over Swiss foreign trade in 2020, it proved to be extremely robust in 2021. Exports grew by 15.2% to a new record high, while imports climbed by 10.1%. The difference in the pace of growth between exports and imports caused the trade surplus to rise to a substantial CHF 58.7 billion. Exports surged by a robust 15.2% (+9.5% in real terms) to a new record high of CHF 259.5 billion over the course of the year. There was a seasonally adjusted rise of 6.0% in the first quarter of 2021, and ...
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