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Swiss watch exports post surprise jump after US revival
Monthly Swiss watch exports posted a surprise gain in April as a revival in demand for premium and luxury timepieces in the US and Japan offset continued weakness from China. Shipments rose 4.5 per cent by value to 2.1 billion Swiss francs (S$3.1 billion) in April from a year earlier, the Federation of the Swiss Watch Industry said on Thursday (May 30). The increase follows a sharp drop the month before. They were helped by an 11.6 per cent jump in exports to the US, the biggest market for Swiss watches, which reversed a fall suffered in March. Vontobel analyst Jean-Philippe Bertschy said the monthly stats were ... (full story)