Swiss watch exports recorded a decline for the third consecutive month in October. According to data from the Swiss Federal Statistical Office, the value of watch and movement exports fell by X% compared to the same period last year. The key factor impacting the figures was a decrease in demand on key Asian markets, particularly in China and Hong Kong. Experts attribute this to economic uncertainty and shifting consumer habits. Despite the overall decline, some market segments, such as luxury watches, showed stability.
Swiss Watch Exports Decline for Third Month in a Row
Swiss watch exports fell for the third consecutive month in October. The main reason was decreased demand on key Asian markets like China and Hong Kong due to economic uncertainty and shifting consumer habits.