Sales of Swiss watches continued to be strong in June, with the Federation of the Swiss Watch Industry on Tuesday reporting that exports of watches advanced 13.4 percent to 1.6 billion Swiss francs, or $1.65 billion, despite modest growth in the U.S. and Japan. Exports of watches to Hong Kong gained 20 percent; to Germany, 25 percent, and to France, nearly 15 percent. Exports to the U.S. advanced 1 percent, while shipments to Japan increased 3.5 percent. For the first half of the year, exports of Swiss watches have grown 15 percent to 8.3 million Swiss francs, or $8.59 billion, the federation said.
This story first appeared in the July 24, 2008 issue of WWD. Subscribe Today.