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Swiss Exports Increase in February as Economy Shows of Stability

March 22 (Bloomberg) -- 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 in Munich.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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