Swiss watch industry exports hit new high
AFP · 5 Feb 2013, 13:33
Published: 05 Feb 2013 13:33 GMT+01:00
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"In an often unfavourable economic climate, the Swiss watch industry clearly managed to hold its own," the federation said in a statement.
The Swiss watchmaking industry has over the past three years seen an unprecedented surge in sales, especially in China, which is displaying an increasing appetite for European luxury goods.
That trend might be shifting however.
In December, Swiss watch exports slipped 5.6 percent to 1.8 billion Swiss francs, with a 15-percent drop in their biggest market, Hong Kong, and a full 32.3-percent plunge in mainland China.