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Swiss Exports Decline

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Exports from Switzerland have declined for the second month in a row, while imports increased during August.

Exports have fallen by a real 4.4 percent month-on-month in August. Imports rose by 1.0 percent in August. Exports declined by 4.3 percent in August and imports rose 3.4 percent in nominal terms.

The Federation of the Swiss Watch Industry reported that watch exports rose 1.5 percent year-on-year in August.