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FH Report - Swiss watchmaking in March 2009 : The downturn continues

April 2009

FH Report - Swiss watchmaking in March 2009 : The downturn continues

April 2009

The decline in Swiss watch exports accelerated in March. The value of products leaving Switzerland fell by 26.6% compared to March 2008, despite a favourable base effect.

The very clear first-quarter trend has led the sector to a decline of 23.5% over this period, with the annualised variation becoming negative (-1.6%) for the first time in five years.

Full report: click here

Source: Federation of the Swiss Industry FH

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