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government-trade
government-trade

Swiss Watch Sales Up

Sales of Swiss watches continued to be strong in June.

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.