The trend of Swiss watch industry exports remained strong in August. Their value rose by 5.5% during the eighth month of the year to reach 1.485 million francs, Visa Vis 1.417 million francs in 2017.
The main export markets all gained ground. Growth, in Hong Kong (+14.5%) slackened, but remained strong. The United States bounced back to +9.0% after a quieter month of July. China (+18.6%) benefited from a favourable base effect to report sustained growth. United Kingdom had growth stabilized (+0.6%) and Japan (+9.9%). In the MiddleEast UAE, Oman and Kuwait also registered (+21.96%), (+153.5%) & (+118.7%) respectively, However KSA and Qatar (-14.0%) and (-21.6%) registered a decline in Swiss Watch Exports.