Swiss watch exports continued to profit from the recovery of some key markets and benefited from a very favourable base effect in October.
Swiss watches exports leaped 9.3% in October, growing for the sixth consecutive month and recorded above the CHF1.8 billion mark (€1.5 billion). Over ten months, the branch confirmed its improvement with growth of 2.4%.
UAE, Kuwait and Bahrain increased by 13.3 %, 83.4% and 53.6% respectively. While, exports to Saudi Arabia was down by 5.4% as well as Qatar decreased by 28.3 percent. Overall growth in Europe stood at 5.9%.