Keep positive for watches market
According the reports, Swiss watch exports continued to recover in July, even though the pace of growth has lagged somewhat behind the last two months. It also intrigue the questions about common wholesale kids watches market.
In July 2017, Swiss foreign trade also generated a surplus of 3.51 billion for exports of 18.35 billion or imports of 14.84 bn. exports increased nominally by 4.3%, but fell in real terms by 1.0%. The imports suffered a step backward: they decreased both nominally by 0.1% and real by 2.0%.
Working day adjusted, exports grew by 4.5% in July 2017 (real: + 0.6%), as the Swiss Federal Customs Administration (FCA) said on Tuesday. However, after the two previous months at a high level, they decreased by 2.0% (real:-1.7%) compared to the month before (seasonally adjusted).
What do you think of these data? Anyway, we should keep the positive about the watches market. The latest data also confirm the recovery of the watches industry, Swatch Group and Richemont are growing significantly. So cheer up!
