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Watches thwart declining export trend from Switzerland

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According to the Federal Customs Administration, Switzerland has seen a 2.6% decrease in exports in the first half of 2015. But while exports to the eurozone continue to drop, those to the United States increased, as did exports in the watch sector.

After the franc-euro exchange rate peg was removed in January, the average value of Swiss exports dropped by 1.8%. The total sum of exports amounted to nearly CHF102.8 billion ($106.9 billion) in the first half of 2014, but this year so far they have totalled about CHF100.1 billion ($104.1 billion).
While exports to the Eurozone sank by 8%, those to the United States increased by 6%.