Swiss exports rebounded in July driven by pharma sector

Switzerland’s foreign trade rebounded in July, with exports showing strong growth following a decline the previous month. The growth was once again driven by the chemicals and pharmaceuticals sector, as well as a recovery in sales to the European Union. During the month under review, exports surged by 13.8% in nominal terms (unadjusted for inflation) and compared with the previous month to CHF27.79 billion ($34.88 billion), while imports fell by 4.5% to CHF19.65 billion, according to figures…