The most important driver of the Swiss watch industry’s recovery has been the revival of the mainland China market. After years of impressive growth, the Swiss watch industry faced difficult conditions in 2015 and 2016, when exports declined by 3.2% and 9.9% respectively in value terms. The last time that there were two consecutive years of decline was in 1995-96. The appreciation of the Swiss franc, the collapse of...
Read More »
The most important driver of the Swiss watch industry’s recovery has been the revival of the mainland China market.After years of impressive growth, the Swiss watch industry faced difficult conditions in 2015 and 2016, when exports declined by 3.2% and 9.9% respectively in value terms. The last time that there were two consecutive years of decline was in 1995-96. The appreciation of the Swiss franc, the collapse of the top market Hong Kong due to the sudden disappearance of Chinese tourists...
Read More »
Swiss watch exports fell in August as demand weakened from Japan to the U.S., extending the industry’s slump to fourteen months. The Swiss watch industry is strongly correlated with the growth in Asia. While the chemical and pharmaceutical industry (the “Basel companies”) export a lot into the United States. The firmer is currently weakening, while the latter profits on the stronger dollar and “Obamacare demand”. As...
Read More »
Swiss Economicblogs.org
