PARIS — The decline in exports of Swiss watches slowed down for the second month in a row in August. Still, demand in most markets, except for China, remained subdued.
The Federation of the Swiss Watch Industry reported that exports of timepieces fell 22 percent in August to 842.6 million francs, or $815.9 million at average exchange rates for the period, which is below the level of exports logged in August 2006.
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