Swiss watch exports dropped for the third month in a row, with “below par” sales to the United States, according to November stats from the Federation for the Swiss Watch Industry.
Overall exports fell 5.6 percent during the month, the FHS said. The news comes on the heels of a 12.3 percent export drop in October and 7.9 percent fall in September.
All the main price ranges suffered declines, the FHS said, with the most marked decline in the low-end 200 to 500 Swiss franc segment.
Swiss watch exports to the United States fell 5.3 percent during November, a better number than September and October, when shipments fell 17 percent and 12.2 percent, respectively.
Exports to the important Hong Kong market registered a dramatic 27 percent fall during the month, though sales to Italy, Japan, United Kingdom, and China all rose.
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