Swiss watch exports made very strong progress in June after the slowdown of little consequence in May. The sixth month of the year recorded a total value of 1.396 billion francs, a rate of monthly growth of +18.5%. The first half-year benefited from this strong increase, ending with a result of 7.2 billion francs, an increase of 15.5% compared to January-June 2006. The variation over twelve months also picked up the pace, exceeding forecasts at +12.8%.

With a rate of +7.2%, May was the only month not to register two-digit growth during the first half-year. However the increase exceeded 20% in February and March. The first half of the year has shown no weakness therefore and extends a long series of excellent results for Swiss watch manufacturers. The gain compared to 2006 is already nearly one billion francs and augers very well for 2007 as a whole.

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Source: Federation of the Swiss Watch Industry FH
www.fhs.ch

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