![(21 NOVEMBER 2018)DAILY MARKET BRIEF 1:Swiss export growth highest since 2016 (21 NOVEMBER 2018)DAILY MARKET BRIEF 1:Swiss export growth highest since 2016](https://c.mql5.com/6/818/splash-722775.jpg)
(21 NOVEMBER 2018)DAILY MARKET BRIEF 1:Swiss export growth highest since 2016
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
Swiss exports have been growing fast, thanks to a rebound in Swiss exporting industries. Key support for the recovery are chemical and pharma products, which reached CHF 9 billion in exports for October, adding CHF 937 million of trade surplus. In total, the trade balance is estimated at CHF 2.6 billion in October (exports: CHF 18.90 billion; imports: 16.2 billion; September’s trade balance: CHF 1.27 billion). The growth of demand in Swiss products by largest trading partners increased by +7.60% (CHF 774 million) in Europe, +3% (CHF 126 million) in Asia and decreased by -0.5 % (CHF -17 million) in North America. Accordingly, Swiss exports are expected to remain positive by the end of the year, as consumer demand is expected to rise at year-end. Total sight and domestic deposits remain stable at CHF 577.3 billion and CHF 474.4 billion respectively. USD/CHF is currently trading at 0.9926, declining by -0.13% (year-to-date: +1.81%) since last week and heading along 0.9910 short-term.