Swiss watch exports rose 1.5% in August 2019

According to data just released by the Swiss watch industry federation (FH), Swiss watch exports in August 2019 were 1.52 billion Swiss francs, up 1.5 percent year-on year. The industry has maintained a slight uptrend against a relatively challenging backdrop. So far, the first eight months of the year Swiss watch exports grew 1.9 percent. Information about replica nixon watches.

watch

Precious metal watches have grown steadily over the past 12 months. However, the fine steel watch slowed down for a long time and eventually fell into recession. Exports, steel, other materials and other metal watch performance is very disappointing. Exports of Swiss watches fell by 220,000 in August 2019.

watches

Exports priced below sfr500 fell by double digits for the 11th consecutive month. Exports priced between sfr500 and sfr3,000 (-1.7%, -4.7%) also fell, but to a lesser extent. Products with export prices over sfr3,000 (exports + 6.3%, exports + 7.4%) maintained steady growth.

The performance of major markets varies widely. The us market (+ 14.8%) continued to grow regularly, becoming the largest export market for Swiss watches in August. In Asia, China’s Hong Kong market (-12.7 per cent) is still down but has avoided another big drop. The mainland Chinese market (+ 13.7 per cent) is again enjoying strong growth, while the Japanese market (+ 34.5 per cent) is surging. Europe as a whole (-2.7%) was down, mainly due to the negative performance of the UK (-5.6%), Germany (-4.2%) and Italy (-13.7%). The French market (+ 10.1 per cent) benefited from a favourable base effect to achieve significant growth, but the medium-term trend remains negative.More news about replica nixon.

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