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Swiss Watch Trade Sees 12th Month of Decline

Longines,Watch

Swiss watch exports fell 11% year on year to CHF 1.59 billion ($1.78 billion) in January, the 12th consecutive monthly drop, as demand slowed in the US and in key Asian markets. Shipments to the US declined 11% to CHF 183.3 million ($204.5 million), partly because strong figures in January 2020 created an unfavorable comparison, … Read more

Swiss Watch Exports Down 81% in April

Swiss Watches

Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt. “Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them to collapse,” the Federation of the Swiss Watch Industry reported Tuesday. Shipments slid 81% to … Read more