fhs news and archive

Swiss watch exports plunge on Hong Kong, US slowdown

Global exports of Swiss watches plummeted in March, amid a dramatic contraction of sales in main markets Hong Kong and the United States. Exports fell 16.1 percent from March 2015 to 1.5 billion Swiss francs (1.5 billion US dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) said. In 2015, watch exports recorded their...

Business

Swiss watch exports fall for first time since 2009

Swiss watch exports slumped in 2015, marking their first fall in six years, an industry body said Tuesday, as the key Hong Kong market tanked. After several years of record growth, exports last year fell by 3.3 percent to 21.5 billion francs (21.2 billion US dollars, 19.5 billion euros), the Federation of the Swiss Watch Industry (FHS) said. In...