The Federation of the Swiss Watch Industry (FHS) reports exports up 6.3% at 21.2 billion CHF in 2018, back above the 20 billion Swiss Francs mark. Exports have now climbed for two consecutive years as demand had bounced back in 2017 (19.9 billion CHF, +2.7%), after two years of decline. The performance achieved in 2018 is still inferior to that of 2015.