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Swiss Watch Exports Rebound in August, Led by Strong US Demand
Swiss watch exports rose in August, rebounding from a July decline that marked the first monthly drop in more than two years. Shipments rose by 4% last month to 1.8 billion francs ($2 billion), with the US, the top export market for the country’s timepieces, driving the increase with a 13.5% rise, the Federation of the Swiss Watch Industry said Tuesday. The bounceback shows demand remains solid despite higher prices and slowing economic growth. The industry is still on track for a better performance than 2022, when exports hit a record above 24 billion francs, the federation said. Growth is moderating, though, as ... (full story)
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- Posted: Sep 19, 2023 7:10am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,160
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