Swiss Watch Exports Collapse At Fastest Pace Since Lehman



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ORIGINAL POST

POSTED BY Ed (7 mths ago)
For the 16th month in a row (longer than the 14 month stretch during the financial crisis), Swiss Watch exports have collapsed year-over-year. As Bloomberg reports, the 16.4% plunge in October is the biggest monthly drop in seven years, as demand weakened in almost every major market for Rolex and Omega timepieces.

https://www.bloomberg.com/news/articles/2016-11-22/swiss-watch-exports-suffer-biggest-monthly-drop-in-seven-years

COMMENTS

kmn911 (7 mths ago)
thanks
it's pretty interesting
"Shipments to Hong Kong, biggest market, fell 22 percent vs. 40 percent in September"

Melbournian (6 mths ago)
Are people just buying Apple Watch? Looks like this trend is going to stay. Thanks


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