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2011.10.2004:20:00UTC+00Swiss Exports Rises in Sept on Strong Demand in Asia

News

  • Exports from Switzerland rose by a real 9.5 pct in Sept to 16.625 billion Swiss francs over strong demand in Asia.
  • Exports to Asia edged up 12.2 pct in Sept however it rose by only 0.4 pct in European Union.
  • A trade union association called on the SNB to move the cap to 1.40, however SNB is unlikely to raise the cap on the franc due to risk factor.

Quotes       

"The numbers came as a surprise, all in all it's good news for Swiss third quarter growth and the watch industry in particular,"

- Marc Bruetsch of Swiss Life Asset Management.  

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