By  on March 19, 2009

PARIS – In another worrisome signal for the watch industry ahead of next week’s Baselworld fair, Swiss watch exports in February dropped 22.4 percent to 1 billion Swiss francs, or $860 million at average current exchange for the month.

The total was impacted by a 47.5 percent drop in exports to the U.S. and by important declines in steel and bi-metallic products, according to a statement from the Federation of the Swiss Watch Industry.

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