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UK imports of Swiss watches fall

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The Swiss watch industry is in recovery after two years of falling exports.

The country recorded its third successive month of export growth in July; the value of watches sold increased by 3.6% to CHF 1.7 billion. For the the year-to-date, January-July, exports are 0.4% higher than for the same period as last year, according to figures released by the Federation of the Swiss Watch Industry.
Exports to the UK fell by 8.5% in July, but are still 12.1% higher in the first seven months of 2017 compared to the same period in 2016.

The UK is the fourth largest watch market in the world this year, with imports worth CHF 702 million.