Is The Swiss Watch Export Slump Over

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Is The Swiss Watch Export Slump Over

Postby koimaster » September 22nd 2017, 8:54am

Each month the Federation of the Swiss Watch Industry (or FH, short for Federation Horlogère) issues global watch export sales data for the preceding month. This year, Swiss watch professionals are scouring the data with a bit more scrutiny than normal.

That’s because for more than two years, the industry has been in a slump. Wholesale sales, which the data reflects, have been anemic. In 2015, the global value of watch exports fell by 3.3% to 3.18 billion Swiss francs ($3.18 billion). Last year, they fell again, by a painful 9.9%. When they continued to drop in the first quarter of this year (-3.3%) brows really started to furrow. The worry was palpable at the giant Baselworld watch show in March. There I talked to more than two dozen Swiss watch executives and dealers: The consensus view was that the industry is ailing. ... 1cc48dd36b


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