Despite the franc’s strength Switzerland's export growth remains strong. According to the data released today, Swiss trade balance surplus reached 1.96 billion francs, while the economists were looking forward to 1.65 billion.

Specialists at UniCredit say that although high demand for franc as a safe haven currency reduces the exporters’ profits, it helps, on the other side, to stem the commodity related rise in input costs.

In addition, Swiss export goods have the advantage of having high quality and, consequently, being less sensitive to the price shifts. As the global economy’s rebounding, the demand for Swiss exports is increasing.



Chart. Daily EUR/CHF

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