Swiss watch export figures show gathering momentum for UK market

Exports of Swiss watches to the UK in May topped CHF 100 million for the first time since November last year. Total exports of CHF 101.3 million in May is 3% lower than the same month in 2017 (which had an extra working day), and the graph is heading back in a positive direction after disappointing exports to the UK in the first quarter of 2018. If the trend of the past three months continues, the UK market will notch positive growth in June, although it will be compared to June 2017, when Swiss exports to the UK hit a dizzying CHF 125 million. Story continues below Advertisement The UK has slipped to the seventh largest market for Swiss watch exports in May, with strong performances from Japan and France taking them above the UK into fifth and sixth. For the first five months of 2018, Swiss exports to the UK have dropped by almost . Source