28 Jun '16, 8pm

Latest Swiss watch industry figures released; downward trend continues

Latest Swiss watch industry figures released; downward trend continues

Exports to Hong Kong were negative for the sixth consecutive month (shooting down by 16.8 percent in May, to CHF 189.6), while the U.S. dropped by 2.1 percent to CHF 172.1 million. The last pocket of growth for the industry at the start of the year, Europe is also showing signs of a hangover with bad results in Italy (-20.9%), France (-18.4%) and Germany (-15%), while the UK posted less dramatic but still negative numbers (-2.5%) ahead of an uncertain future out of the European Union. The UAE is the only market in the top 10 (at tenth) to post any kind of growth, with an increase of 5.8 percent to CHF 78 million.

Full article: http://www.hodinkee.com/articles/business-time-swiss-watc...

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