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InstaForex Loprais Team - Official participant of the Dakar rally

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InstaForex Loprais Team - Official participant of the Dakar rally

2017.10.1902:26:00UTC+00Swiss Trade Surplus Rises In September

Switzerland's foreign trade surplus increased in September, as imports fell faster than exports, figures from the Federal Customs Administration showed Thursday.

The trade surplus climbed to CHF 2.9 billion in September from CHF 2.2 billion in August.

In real terms, both exports and imports declined by a seasonally adjusted 0.9 percent and 3.2 percent, respectively in September from a month ago.

On a yearly basis, exports dropped a working-day-adjusted 0.5 percent in September, while imports grew by 1.4 percent.

During the third quarter, total trade surplus of the country was CHF 8.5 billion, up from CHF 8.4 billion in the second quarter. A year earlier, the surplus was CHF 10.3 billion.

Exports rose 0.5 percent over the quarter, while imports slid by 0.9 percent.

A report released by the Federation of Swiss Watch Industry showed that watch exports advanced 3.7 percent year-over-year to CHF 1.8 billion in September.

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