Luxury Goods: Swiss watch exports: slight rebound in July
Swiss watch exports were up 2.2% in July to CHF2,020.1m following a 3.1% decline in June and a 5.7% increase in April.The rebound is mainly explained by more favourable comps (July 2012: +15% vs. +22% in June), although the volatility remains high in Greater China (-3%). Over the first seven months of the year, Swiss watch exports have increased by a slight 1.1%.
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