Swiss Watch Exports Rise Again as Low-Priced Timepieces Surge
- Monthly watch exports stats highlight demand for cheaper goods
- Swatch Group dominates lower-priced Swiss watch category
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Swiss watch exports rose in October with shipments to the key US and Chinese markets increasing and lower-priced timepieces leading gains as consumers reined in spending on big-ticket items.
Exports rose 5.1% to 2.4 billion Swiss francs ($2.7 billion), the Federation of the Swiss Watch Industry said Tuesday.