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According to the latest figures published by the Federation of the Swiss Watch Industry, Swiss watch exports continued their strong growth in the first half of this year, building on the excellent results for 2011. The total value of exports was 10.1 billion Swiss francs (the first time that the 10-billion mark has been reached by the middle of the year), which represents and increase of 16.4 per cent over the same period last year. With steady growth recorded in each of the first six months of the year, April was the only month that did not see double-digit growth (+ 8.5 per cent). Exports showed no sign of slowing down with the last month on record, June, producing the best performance of the year so far with an upswing of 21.7 per cent.