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Overall, exports in January 2024 amounted to 21.2 billion francs, the Federal Office for Customs and Border Protection (BAZG) announced on Tuesday. This means that seasonally adjusted exports fell by 1.6 percent compared to the previous month, but in real terms, that is, when adjusted for price changes, there was a decrease of 0.4 percent. This means that the recession recorded since October 2023 is confirmed, he continues.
Estimating imports at 18.4 billion in the reporting month corresponds to a significant decrease of 9.3 percent in nominal terms and 4.3 percent in real terms. The chemical-pharmaceutical division was especially responsible for this situation, but vehicle purchases also dropped significantly.
The decline in imports more than exports caused the surplus in the trade balance to increase to 2.8 billion francs (previous month: 1.3 billion). (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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