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Bloomberg: ‘Swiss Watch Exports Fall Most in Six Years on Hong Kong Drop’

Bloomberg:

Swiss watch exports had their biggest decline in six years in October, led by a 39 percent slump in shipments to Hong Kong, the industry’s largest market.

Shipments declined 12 percent to 2 billion Swiss francs ($2 billion), the Swiss customs office said in a statement Thursday. Adjusted for fewer working days, the drop was 7.6 percent. Exports to the U.S. dropped 12 percent.

Could be coincidence, of course. Maybe Apple Watch debuted in a year in which Swiss watch sales would have fallen even Apple Watch didn’t exist.

Maybe not, though.

Update: Here’s the data published by the Federation of the Swiss Watch Industry.

Thursday, 19 November 2015