PARIS — The luxury watch trade isn’t ticking at full speed just yet, but executives in Europe said the tourbillions are beginning to spin a little more regularly.

After a spring season marred by SARS in Asia, a drop in tourism in Europe and the war in Iraq, executives said sales showed signs of improvement beginning in late August and September. They predicted that the second half would level out after revenues dropped by as much as 30 percent in certain markets during the months of May and June.

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