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Swiss watch exports fell sharply in June after a significant slowdown in demand for premium and luxury timepieces in China and Hong Kong worsened https://t.co/T0mt4zxGrh
🇨🇭 Switzerland Trade Balance (Jun) $CHF Actual: 6.180B 🟢 Expected: 5.050B Previous: 5.792B
SWISS TRADE BALANCE ACTUAL 6,180M (FORECAST -, PREVIOUS 5,811M)
The Swiss Franc strengthened against the Dollar, with Dollar/Swiss down 0.49% at 0.8894 and Euro/Swiss down 0.39% at 0.9705. Switzerland's trade balance for June exceeded expectations, reaching 6.180 billion Swiss Francs compared to the previous 5.792 billion. Swiss watch exports fell by 7.2% in June, attributed to decreased demand for luxury timepieces in China and Hong Kong.
