Switzerland's watch exports logged a robust expansion of 16.2 percent in May from the previous year, the Federation of Swiss Watch Industry said in a report on Thursday. Exports totaled CHF 1.9 billion.
Gold watches made the strongest contribution by far to the general upturn in May. Over the first five months, watch exports climbed 15.2 percent to CHF 8.2 billion.
The trends evident in previous months continued on the main markets for Swiss watch exports. The growth rate slowed in Hong Kong and China. The federation expects this trend to be confirmed in the months ahead, not least because base effects will be particularly unfavorable.
At the same time, the United States maintained its steady growth. Japan meanwhile recorded the highest monthly increase for many years.
by RTT Staff Writer
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