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.
Economic outlook uncertain for this year
Switzerland’s economic outlook remains cautious, with the KOF Swiss Economic Institute forecasting growth of around one percent in 2026,although that depends on falling oil prices.
Geneva bans the burkini
Geneva’s parliament has voted to ban the burkini in public swimming pools, ending months of heated debate.
Birthday candles banned in Geneva schools
In response to the fire in Crans Montana, birthday candles have been banned in Geneva’s primary schools.
Transit tax moves closer
Switzerland is moving closer to introducing a transit tax for foreign vehicles crossing the country.
Fake Nyon officer fined
A man in his fifties has been convicted in Vaud after impersonating a police officer in several towns, including Rolle and Nyon.
Heavy traffic this Easter
Heavy traffic is expected across Switzerland over the Easter holiday period, particularly on the A2 Gotthard autoroute and the A13 San Bernardino route from March 27.
