Swiss watch exports wind back in February

The Local
The Local - [email protected] • 21 Mar, 2013 Updated Thu 21 Mar 2013 10:55 CEST
image alt text

Switzerland's watch exports dipped 2.5 percent to 1.6 billion francs ($1.69 billion) in February from the same month a year earlier, the Federation of the Swiss Watch Industry said on Thursday.

The slowdown follows a period of strong growth for the watch industry in recent months, coming after exports rose 10.8 percent in January.

The watch federation said that last month only watches selling at more than 3,000 francs saw increases in orders.

Sales to Hong Kong and China fell sharply from the previous year.

The United States slowed slightly but continued to grow.

The situation continued to be favorable for most markets in Europe, apart from France which was down by 11.7 percent.

Exports for the first two months of the year stood at 3.09 billion francs ($3.27 billion), up from the same period in 2012 (2.97 billion francs).

More

Comments

The Local 2013/03/21 10:55

Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also