PARIS — Swiss watch exports rose 8.5 percent in September, their highest monthly increase since January, helped by favorable calendar and base effects, the Federation of the Swiss Watch Industry reported.
Foreign sales of Swiss timepieces totaled 1.9 billion Swiss francs, or $2.06 billion at average exchange rates for the period, according to the federation.
Steel, platinum and gold watches helped to boost the value of exports in the month, although the total number of timepieces sold fell by more than 100,000 units, or 4.3 percent.
Watches priced below 200 Swiss francs, or $216, were the only segment to record a drop in volume terms. Wristwatches in the 200 to 500 francs range, or $216 to $541, registered growth of more than 20 percent.
While China continued to lose ground with a decline of 3 percent, Hong Kong and the United States confirmed recent signs of recovery with increases of 10 percent and 17.4 percent respectively. Germany posted a rise of 8.7 percent and Japan was up 9.2 percent, but Italy recorded a 1.4 percent decrease.
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