Swiss watch industry exports hit new high
AFP - [email protected]
Published: 5 Feb, 2013 CET.
Updated: Tue 5 Feb 2013 13:33 CET
Swiss watchmakers posted record exports last year of 21.4 billion francs ($23.5 billion), which was nearly 11 percent more than a year earlier, the Federation of the Swiss Watch Industry said Tuesday.
"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.
Comments
See Also
"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.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.