Watches for the world

Article Abstract:

The Swiss watch industry chalked up record exports of 8,470 million Swiss francs in 1998. Of this, finished watches accounted for 7,520 million Swiss francs with watch movements making up the remainder. To counter sharp declines in troubled Asian markets such as Hong Kong, Singapore, Taiwan and Thailand, the Swiss watch industry increased exports in traditional markets such as the US, UK, Italy and Germany. According to Federation Horlogerie, the most impressive sales increase came in steel-cases where sales rose by 23.9%, offsetting declines in sales of gold watches and bimetal cases.

Exports, Economic aspects, International trade, Clocks and watches, Clocks

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Good times for watchmakers

Article Abstract:

The year 1997 was an extraordinarily good year for Swiss watch companies as record sales were attained. Total industry exports, which make up most of total sales, increased by 10.1% to a record 8,310 million Swiss francs. These results are surprising for an industry which has had to endure decreased demand in 1996. The 1997 reversal of the tide was mainly due to increased demand from customers in Europe and North America.

Sales, profits & dividends, Watches

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Time marches on

Article Abstract:

The Swiss watch industry's eight years of uninterrupted growth ended in 1995 as a result of weak demand in major markets and the strengthening of the national currency. Total clock and watch exports are expected to fall by 2.6% for the whole of 1996. However, a Union Bank of Switzerland study predicts a recovery in the last quarter of the year as well as the opening of new opportunities in emerging markets.

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