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News

Articles on the subject: Economy

Economy
First-half exports bode well

Stable first-half export figures suggest that Swiss watchmaking is over the worst, an upturn that hadn't been expected before the end of the year.

Wednesday, 09 August 2017
3 min read
2
Economy
Higher monthly value – exports are improving steadily

The recovery of watch industry exports continued with a positive trend in June. The value of products crossing the Swiss border stood at 1.7 billion francs, 5.3% higher than in June 2016. This increase follows the good result posted one month previously.

Friday, 21 July 2017
The HH Journal editors
1 min read
3
Economy
Swatch Group in the pink

Half-year results make for positive reading, with net income up by 6.8%. The first half of 2017 has shown "accelerated growth" for all the group's brands.

Friday, 21 July 2017
The HH Journal editors
1 min read
Economy
Hermès, the messenger of success

The months go by and not a single cloud darkens Hermès' growth prospects. Sales increased 7.5% in 2016, and the Parisian firm recorded a further 13.5% rise in this year's first quarter. Only its watch business is struggling to keep pace.

Wednesday, 12 July 2017
4 min read
Economy
Watch exports see strong rise

2017 continues to shape up well for Swiss watch exports, which recorded 9% growth in May compared with the previous year. The figures in detail.

Friday, 23 June 2017
The HH Journal editors
1 min read
3
Louis Vuitton Tambour Moon
Economy
Luxury gets personal

Deloitte's latest report on the luxury market reveals two trends. One is the shift from the physical environment to digital experience. The second pinpoints luxury consumers' growing desire for personalisation.

Friday, 02 June 2017
4 min read
Economy
Luxury's digital challenge

As LVMH prepares to launch 24 Sèvres, an online department store selling 150 luxury brands and a potential rival to Yoox Net-A-Porter or Farfetch, watch brands have yet to properly embrace the digital domain.

Wednesday, 24 May 2017
5 min read
Economy
Swiss exports: smaller than expected contraction

Despite three fewer working days, April saw watch industry exports reach a figure of 1.5 billion francs. At -5.7%, the contraction was less severe than expected. The trend therefore remains close to the figure posted at the end of March. For the first four months of the year, the variation is -3.6%.

Tuesday, 23 May 2017
Press Release
1 min read
3
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