Watch exports gained an increase of 1.4% during the first half of 2019

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22-Jul-2019

With two working days fewer than in June 2018 and a markedly negative base effect, watch exports dropped by 10.7% in June, to 1.7 billion Swiss francs, according to the report of Federation of the Swiss Watch Industry. Steel watches had a significant impact on the overall result, with some particularly sharp falls in both value (-15.0%) and number of items (-23.9%). Precious metal timepieces also saw a marked decline (-6.0%). Products in the other metals category dropped by a third in number of items. With the exception of Sultanate of Oman + 109.9% growth, most of the GCC countries lead a drop in its Swiss watch imports.

 

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