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Swiss watch exports slow down

Swiss watch exports in November rose by 4.5 per cent, recording the highest ever monthly value of 2.2 billion CHF ($2.3 billion Cdn).

However, the Federation of the Swiss Watch Industry (FH) says the increase was below the annual average.

Exports of gold and steel watches led the way, while platinum and silver/gold-plated saw steep declines. By price category, exports of watches costing less than 200 CHF ($200 Cdn) fell by 2.3 per cent, while product in the 200 to 500 CHF range saw the biggest growth. The 500 to 3000 CHF category remained stagnate, while watches costing more than 3000 CHF increased by 6.2 per cent.

Although the United States maintained its growth level, Hong Kong and China slowed down, while Germany and Italy experienced sharp increases.

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