Provisional year end figures indicate a particularly good result for Swiss watch exports in 2007. Their value in December increased by 13.8% compared to December 2006, attaining a level of 1.433 billion francs. These very good monthly figures confirm what had been expected for many months: a record year and growth unrivalled over the last 18 years. At 15.96 billion, watch exports almost exceeded the 16 billion franc mark in 2007, posting a rate of growth of 16.2%.

May was the only month in 2007 not to show a rate of variation in two digits, while January was the only month not to exceed the value of one billion francs in exports. The annual performance therefore is excellent. 2007 broke a series of records, both in terms of monthly values and rates of growth. No particular weaknesses are observable over the last financial year and results for watch exports have systematically exceeded forecasts.

For full release, please click here

Source: Federation of the Swiss Watch Industry FH
www.fhs.ch
Contact:[email protected]