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Swiss watch exports rebound in May

Swiss watch exports rebound in May

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Swiss watch exports recovered last month, with the exception of China.

 

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Watch exports from Switzerland rebounded in May, rising 13.6% year-on-year to 2 billion Swiss francs (or 1.9 billion euros). With the notable exception of China and Hong Kong, figures rose in all major markets, the Federation of the Swiss Watch Industry (FH) said Tuesday. But the growth was mainly driven by price increases, as the number of pieces exported remained almost the same over a year (-0.7%).

 

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