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Exports from Switzerland fall in July

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Switzerland’s exports declined in July, according to data from the Federal Customs Administration. Exports dropped by a real 1.8 percent on month in July, after a 2.5 percent increase during June. Imports fell by 0.5 percent following a 1.3 percent decline in June.

According to the Federation of the Swiss Watch Industry, exports of watches rose by 4.3 percent year-on-year in July.