Boom times are back in the Swiss watch industry. All six of the top markets for Swiss watch exports, including the U.S., showed increases for the month of August and for the first eight months of this year. According to the Federation of the Swiss Watch Industry (FH), the value of Swiss watch exports rose 5.5% to CHF 1.5-billion ($1.51-billion) during August, which represents the 16th straight month of growth (the figure represents wholesale value) following a 24-month downturn. The August export figures represent the 16th straight month of increased exports, following the recent decline, which represented the worst slowdown since the 1980s. For August, exports of watches priced in the $200 range declined the most (13.5%), while exports of watches priced in the $500-$3,000 range increased the most (9.4%).

Source: Forbes October 14, 2018 01:18 UTC