Swiss watch exports to China in February to expand the decli

Swiss watch exports to China in February to expand the decline

 

The weather is getting warmer, but the Swiss watch industry in the winter seems to continue. According to the Federation of the Swiss Watch, Swiss watch exports in February was 16.5 billion Swiss francs, down 3.3%, the eighth consecutive month fell.

 

This month decline in January decreased 7.9% compared with the year 2015 dropped by 3.3% flat. 2015 is since 2009 the Swiss watch industry exports fell for the first time. (See "gorgeous Chi" reported: "Swiss watch exports remained weak in January, Hong Kong's exports fell 33% year on year.")

 

Swiss watch industry exports to all regions of the world act as follows: As the largest overseas market, sales continued weakness in Hong Kong, China, is an important factor leading to the decline in exports in February.

 

Hong Kong's exports in February fell 25.3%, the 12th consecutive monthly decline, the decline in February than in January up 33.1 percent decline after a slight narrowing in exports to the US fell for five consecutive months have rebounded, up 2.4% for Japan's exports continued the strong performance before, an increase of 22.4% on the Chinese mainland's exports fell 6.8%, the decline has been expanded (in January following a drop of 1.9%) for the rest of Europe State's exports grew by 4%, which smooth the overall performance of Italy, Germany, an increase of 6.6% steel plated watch exports fell 6.7%, steel watch exports grew 1.4%.

 

201603246261458793298953.jpg

 

But the trend is the opposite of export volumes, steel plated watch exports rose 15.7 percent, exports of steel watches fell by 11.5%. Watch Total exports fell 5.7%, of which exports of precious metals and watches other materials continue to decline. Export volume and export volume of more than 3000 prices of luxury watches Swiss franc rebounded, other price range of watches are declined.

 

In last week's Basel World Watch and Jewellery Show, the Swiss watch maker said the overall situation of the industry in 2016 will not be improved.

 

Citigroup analyst Thomas Chauvet said that some negative factors will continue to cause adverse effects on the market. "We are weak Hong Kong market, China's economic slowdown, the consequences of the RMB exchange rate and falling Shanghai stock index turmoil could bring very worried, while demand in the US market also declined, falling oil prices will hit the Middle East and Russia demand areas, but overall good performance in Europe and Japan, part of a strong sales offset these negative factors. "Thomas said.Swiss watch exports to China in February to expand the decline

 

The weather is getting warmer, but the Swiss watch industry in the winter seems to continue. According to the Federation of the Swiss Watch, Swiss watch exports in February was 16.5 billion Swiss francs, down 3.3%, the eighth consecutive month fell.

 

This month decline in January decreased 7.9% compared with the year 2015 dropped by 3.3% flat. 2015 is since 2009 the Swiss watch industry exports fell for the first time. (See "gorgeous Chi" reported: "Swiss watch exports remained weak in January, Hong Kong's exports fell 33% year on year.")

 

Swiss watch industry exports to all regions of the world act as follows: As the largest overseas market, sales continued weakness in Hong Kong, China, is an important factor leading to the decline in exports in February.

 

Hong Kong's exports in February fell 25.3%, the 12th consecutive monthly decline, the decline in February than in January up 33.1 percent decline after a slight narrowing in exports to the US fell for five consecutive months have rebounded, up 2.4% for Japan's exports continued the strong performance before, an increase of 22.4% on the Chinese mainland's exports fell 6.8%, the decline has been expanded (in January following a drop of 1.9%) for the rest of Europe State's exports grew by 4%, which smooth the overall performance of Italy, Germany, an increase of 6.6% steel plated watch exports fell 6.7%, steel watch exports grew 1.4%.

 

201603246261458793298953.jpg

 

But the trend is the opposite of export volumes, steel plated watch exports rose 15.7 percent, exports of steel watches fell by 11.5%. Watch Total exports fell 5.7%, of which exports of precious metals and watches other materials continue to decline. Export volume and export volume of more than 3000 prices of luxury watches Swiss franc rebounded, other price range of watches are declined.

 

In last week's Basel World Watch and Jewellery Show, the Swiss watch maker said the overall situation of the industry in 2016 will not be improved.

 

Citigroup analyst Thomas Chauvet said that some negative factors will continue to cause adverse effects on the market. "We are weak Hong Kong market, China's economic slowdown, the consequences of the RMB exchange rate and falling Shanghai stock index turmoil could bring very worried, while demand in the US market also declined, falling oil prices will hit the Middle East and Russia demand areas, but overall good performance in Europe and Japan, part of a strong sales offset these negative factors. "Thomas said.