Swiss watch exports in April 2017 return to the downward trend that the industry has experienced over the past two years, with the total value of SFr 1.5 billion, a 5.7-percent decrease compared with the previous year, according to the Federation of the Swiss Watch Industry.
“The contraction was less severe than expected,” said the federation. The decline trend remains close to the figure posted at the end of March this year.
Watches priced at less than SFr 200 (export price) reported a heavy fall. Their value contracted by 21.8 percent against April 2016. Above SFr 200, the fall proved uniform, at -4.5 percent in terms of both value and volume.
The main export markets differed widely in the month of April. Hong Kong (-16.8 percent) and the United States (-19.0%) reported a steep fall, while mainland China (+38.9%) and the UK (+30.0%) grew even faster than before. Japan (-7.3%) remained in negative territory, as did Italy (-13.4%) and Germany (-5.3%).
← Back