Swiss Watches Exports See the Biggest Monthly Decline in 4 Years [Yahoo! Finance]
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Source: Yahoo! Finance
Last month, they fell 16 percent by value compared with the year prior, to 2 billion Swiss francs ($2.2 billion), according to Federation of the Swiss Watch Industry data cited by the outlet. More from Robb Report Jaeger-LeCoultre Is Now Offering Hands-On Watchmaking Workshops in N.Y.C. Jacob & Co. Just Unveiled 3 Palatial Watches With Luxe Hard-Stone Dials Parmigiani Fleurier's Tonda Perpetual Calendar Just Got a Gorgeous New Green Dial “The negative trend is even worse than we expected, and the decline in China is really worrying and probably indicates that inventories in the region were once again too high,” Jean-Philippe Bertschy, an analyst at the Swiss firm Vontobel, told Bloomberg. Bertschy was referring to the fact that exports to China fell a whopping 41.5 percent last month, a notable downturn in the second largest market for Swiss watches. That dip brought exports in the Asian country to an even lower level than that in March 2020, when the watch industry shut d
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