PARIS — Swiss watch exports rose 16 percent in November, fueled by continued strong demand in Asia, which made up for a slowdown in demand in the United States and some European markets.
Foreign sales of Swiss timepieces totaled 2.05 billion Swiss francs, or $2.27 billion at average exchange rates for the period, the Federation of the Swiss Watch Industry said. That brought the cumulative total for January to November to 17.4 billion Swiss francs, or $19.8 billion, up 19 percent year-on-year.
Sales in China jumped 57.4 percent in the month, while Germany recorded a rise of nearly 60 percent. The United States had another disappointing month, with an increase of 6.1 percent, which the FHS saw as confirming the onset of a slowdown in that market. France recorded a decline of 7.4 percent.
In terms of price categories, timepieces costing more than 3,000 Swiss francs, or $3,311, posted the highest rate of growth, up 20.6 percent.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)