The Swiss watchmaking industry saw the first monthly rise in March 2017 after 20 consecutive months of decline, reported the Federation of the Swiss Watch Industry FH last week. Strong growth was particularly seen in the markets in China and Hong Kong.
Exports of Swiss watches rose 7.5 percent year-on-year to CHF 1.59 billion, with the volume increasing 8.5 percent to 2 million units.
According to the federation, growth was recorded in the top five markets, with exports to Hong Kong up 18 percent to CHF 208.8 million, those to the United States rising 15.6 percent to CHF 169.8 million, and exports to China up 38 percent to CHF 129.2 million.
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