Switzerland’s watchmakers have turned markedly more optimistic this year despite the rise of the “smartwatch”, with sales of luxury timepieces to China leading a surge in exports.
Sentiment has swung sharply positive since last year, when the watch industry was in a downturn, according to a survey by the Deloitte consultancy.
Optimism levels about the Swiss economy and the sector’s main export markets were the highest since the consultancy started its annual survey in 2012, Deloitte said.
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