Swiss Watch Exports Decline Sharply in January

Finance and Trade
18/02/2016 13:53

Total exports fell 7.9 % year on year to $1.53 billion last month, with exports to Hong Kong and the U.S., dropping precipitously. Hong Kong saw its twelfth consecutive month of steep declines, falling -33.1%, while the United States dropped for the fifth straight month – down 13.7%. Meanwhile, after two months of growth, China registered a slight downturn of 1.9%. However, there was some good cheer, with exports to Japan soaring by 35.8% and the main European markets doing well, including France which was up 4.7%.