PARIS — Swiss watch exports rose 7 percent in February, driven by timepieces in all materials and most price segments, the Federation of the Swiss Watch Industry reported.
Foreign sales of Swiss watches totaled 1.7 billion Swiss francs, or $1.9 billion at average exchange rates for the period, according to the federation.
“Swiss exports in February confirmed the rebound in growth recorded in January,” it said. That month, Swiss watch exports had advanced 5.6 percent versus January 2013.
“After a year of consolidation at a very high level, the sector is again showing signs of a marked increase in the value of exports, in line with forecasts,” the federation said.
Sales of watches in other materials rose 31.6 in value terms in February, while the category of other metals advanced 17.8 percent and gold-steel, 7.7 percent.
Other segments offset the slight decline in sales of wristwatches costing less than 200 francs, or $223. For those above 200 francs, the average increase was 8.4 percent in value terms and 11.3 percent in volume terms.
Exports to Japan rose sharply, by 44.6 percent, as Hong Kong posted an 18.7 percent gain and the U.S. a 4.4 percent uptick. Exports to Germany and China declined 7.6 percent and 0.7 percent, respectively.