PARIS — Swiss watch exports ticked up 1.1 percent in October, with above average growth in the United States offsetting declines in Europe, the Federation of the Swiss Watch Industry reported.
Foreign sales of Swiss timepieces totaled 2.16 billion Swiss francs, or $2.39 billion at average exchange rates for the period, according to the federation, trumpeting the figure as its best monthly tally.
Steel watches drove growth, gaining 4.6 percent in value terms in October. Except for platinum, other metal and bi-metal watch categories registered declines.
Wristwatches in the 200 to 500 francs range, or $223 to $556, registered double-digit growth in volume terms, while those priced below 200 Swiss francs, or $223, continued to taper off, the federation said.
Exports to China sank 8.9 percent, while the U.S. logged growth of 5.8 percent in value terms. While Germany recovered with a gain of 2.5 percent, Italy, France, Spain and Austria all registered declines. Singapore sprang back with a 17.2 percent gain.