Swiss exports climbed in February, adding to signs the economy is stabilizing.
Foreign sales, adjusted for inflation and seasonal swings, gained 9.2 percent from January, when they fell a revised 10.4 percent, the Federal Customs Office in Bern said in an e-mailed statement today. Imports dropped 12.3 percent from January, when they increased a revised 5.5 percent, and the trade surplus widened to 2.68 billion Swiss francs ($2.94 billion).
Switzerland’s economy is regaining some strength, with an indicator of manufacturing climbing in February and investor confidence increasing for a third month in March. The Swiss central bank last week raised its forecast for economic growth this year to about 1 percent from 0.5 percent.
“Looking through monthly volatility, the latest new orders and business survey data point to a stabilization in exports in the coming months” said Alexander Koch, an economist at UniCredit Group (UCG) in Munich.
To contact the reporter on this story: Klaus Wille in Zurich at firstname.lastname@example.org
To contact the editor responsible for this story: Craig Stirling at email@example.com