Swiss watch exports gain as US, Japan offset steep China drop
Swiss watch exports eked out a slight gain in July as strong shipments to the US and Japan outweighed further declines in demand for premium and luxury timepieces in China and Hong Kong. Shipments rose 1.6% by value to CHF2.2 billion ($2.6 billion) in July from a year earlier as the number of watches exported during the month remained constant at about 1.4 million units, the Federation of the Swiss Watch Industry said Tuesday. The increases were driven by an 11% jump in exports to the US, the biggest market... Читать дальше...