Swiss watch exports in the first half of 2010 - "Vigorous recovery"

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Swiss watch exports in the first half of 2010 - Vigorous recovery

20 July 2010

www.worldwatchweb.com - After a decidedly negative 2009, Swiss watch exports returned to a trend of steady growth throughout the first half of 2010. In six months, the sector exported products valued at 7.3 billion francs. It therefore exceeded last year’s level by 19.7%, a difference of more than 1.2 billion francs. These results are comparable to those recorded in 2007.

Following 14 months of decline, January showed the first signs of a revival which turned into double-digit growth from February onwards. The first half-year contained two months with rates of increase in excess of 30% (March and June).

The recovery in watch exports is very evident. While it is the product of a particularly low base of comparison and fails to compensate for the decline in 2009 it does indicate however that the crisis is over, with forecasts for the year 2010 pointing to significant growth.

Full Report: http://www.fhs.ch/en/news/news.php?id=789