Middle East scored double digits growth with the exception of Kuwait (-29.8%).
Exports of Swiss watch industry registered grow of 7.2%, more than in October 2017, at just under two billion francs (1.987 billion precisely). Over ten months, the result has remained at +7.5%, in line with the annual forecasts.
Swiss Watch Exports in the main markets reported good performance in the month of October. China recorded one of its biggest monthly increases for the year at +24.1%. Japan (-1.0%) was down slightly because of a highly unfavourable base effect. The main European markets such as the United Kingdom (+5.0%), Germany (+8.7%) and France (+11.6%) benefited from a positive dynamic with the notable exception of Italy (-14.7%) and Spain (also -14.7%).
The Middle East markets for Swiss Watch Exports registered a positive growth in Bahrain (+71.1%), Saudi Arabia (+22.6%), UAE (+14.0%), Oman (+142.1%) and Qatar (+16.5%), however Kuwait dropped by (-29.8%).