Swiss Watch Exports In The First Half Of 2011-continue To Grow Rapidly

Following the apparent recovery in 2010, watch exports continued to grow in the first half of 2011. Exports in six months amounted to 8.7 billion francs, an increase of 19.3% compared with the first half of 2010.
As a result, it is 1.4 billion francs above last year’s level, and this strong increase is higher than the 2008 baseline result.
Watch exports have steadily gone through the first half of the year, with double-digit growth in all months. In fact, the levels of growth in April and May exceeded 30%. The reason for the softer numbers in March and June is due to very negative base effects.
The watch industry continued to achieve outstanding results, while other industries encountered difficulties. However, the strong impact of exports has serious effects.
The sales chains at all levels have realized their profit margins, and the prices of products sold to foreign markets have continued to rise. In this context, this is likely to continue to grow, and industry forecasts remain optimistic, with sustained growth throughout 2011.
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Original source: Federation of the Swiss Watch Industry