After being in crisis for two years, the Swiss watch industry now finally revives again. The most important driver for the revival was the Asian market. In China, the market grew by 18 percent, the highest growth rate for any market. Currently the most important market for the watch industry is Hong Kong. Less positive was the development in the US, exports to the states fell by 4.4 percent. The demand also decreased in Germany, there were 2.2 percent less exports to the country compared to 2016.
Expensive watches are becoming increasingly famous and there is more demand for quartz watches than for mechanical watches.
Read more about it here (in German)
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