Switzerland’s watch exports increased in August from the previous year, a report by the Federation of the Swiss Watch Industry FH showed on Tuesday.

Export value of Swiss watches surged 24.1% in August from the previous year, to attain a level of CHF 1.07 billion. At the same time, wrist watches exports grew 25.9%, while other products exports climbed 4%.

In the January to August period, watch exports increased 20.1% compared to the same period of the previous year.

Developments among the Swiss watch industry’s main markets were varied. Hong Kong recorded another very strong performance with 18.7% annual growth and the U.S. showed an increase of 9.8%. The value of sales to Singapore showed one of the strongest upward variations of all and exports to China grew by 7%.

Source: http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=1424015

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