Switzerland May trade balance CHF 3.83 billion vs CHF 6.36 billion prior

• Prior CHF 6.36 billion; revised to CHF 6.33 billion

The Swiss trade surplus narrowed in May as exports fell off by 8.2% on the month while imports climbed by 2.1% on the month. Notably, Swiss watch exports declined by 9.5% year-on-year in May in nominal terms.