Swiss Watch Exports Resume Slump as US Rebound Proves Shortlived
A Watches of Switzerland Group Plc store on Regent Street in London.
Photographer: Jason Alden/BloombergSwiss watch exports resumed their long slump in January after a brief respite the previous month triggered by the easing of US tariffs.
Exports fell 3.6% last month from a year earlier to 1.9 billion Swiss francs ($2.5 billion), the Federation of the Swiss Watch Industry said Thursday. Watches in the most expensive category made from precious metals led the decline.