Photographer: Jerome Favre/Bloomberg

What Hong Kong Retail Sales Tell You About Swiss Watches: Chart

The retail slump in Hong Kong is being felt in Switzerland.

Swiss watch exports tumbled 5.5 percent year-over-year in November. And a major culprit for the decline was weak sales in Hong Kong. A simple look at this chart shows that retail demand in Hong Kong tracks overall Swiss watch exports quite nicely.
Swiss watch exports tumbled 5.5 percent year-over-year in November. And a major culprit for the decline was weak sales in Hong Kong. A simple look at this chart shows that retail demand in Hong Kong tracks overall Swiss watch exports quite nicely.

Swiss watch exports tumbled 5.5 percent year-over-year in November. And a major culprit for the decline was weak sales in Hong Kong. A simple look at this chart comparing Hong Kong retail sales to overall Swiss watch exports shows how tightly they’re linked.

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