16%: Decline in Swiss watch sales

Biggest decline in seven years for Swiss watch sales
Thursday 01 Dec 2016 Author: William Cain
Exports of high end Swiss watches are considered a good bellwether for the luxury goods sector and the latest data is pretty alarming. Monthly sales fell by 16% in October, the biggest drop in seven years. ‘Hong Kong continues to be weak (-22%) and the US sequentially declining to -17% (September +5%) maybe due to cautious purchasing ahead of the US elections,‘ says investment bank UBS Continuing pressure on...

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