Swiss watches exports up in May

Exports of Swiss watches registered a 31.6% increase in May, reaching a total of 1,3 billion euros, thanks to strong demand from Asia and the U.S. Watches priced 150 euro have registered the highest sales growth, of 40%. Hong Kong has maintained its strong demand, sales of Swiss watches increasing by 37,3%, while China has seen a moderate slow down, despite an increase of 45,9%. Sales of Swiss watches in Singapore grew by 44% in May, while sales in the U.S. grew by 28%.