Expensive watch exports are being hit by the strong franc and wider concerns about the geopolitical situation.
Monthly exports are up slightly – 3.1% at CHF 1.9bn. But that could be considered flat once inflation is taken into account. The number of physical pieces being sold is down.
In comparison, this time last year, sales were up nearly 12%.
Analysts say it shows a slow start to the year.
But it may just be a return to normality after 2023 was a record year for sales at over CHF 26bn.
Parliament rejects WHO alcohol policy
The Upper House of Parliament, the Council of States has overwhelmingly rejected adopting an alcohol policy based on recommendations from the World Health Organisation.
Cyclist dies near the UN
A cyclist died after an accident near the UN yesterday.
Govt may buy fewer F-35s due to cost
Switzerland will not purchase all 36 American F-35 fighter jets originally planned, the Federal Council decided Friday.
Amnesty slams Bern police
Amnesty International is strongly criticising the police response to last October’s unauthorized pro-Palestinian demonstration in Bern.
Two men given house arrest after stealing vignettes
Two men, aged 32 and 33, working at the printing works that makes the autoroute vignettes have been given house arrest and a suspended prison sentence after being found guilty of stealing the stickers and selling them online.
What's likely under the tree this year?
Shoppers looking for the perfect gift this holiday season are turning to tech and toys, according to Galaxus.
