The value of monthly Swiss watch exports to the United States soared past the 200 million Swiss franc mark in November, something it rarely does. Exports here totaled CHF 231.4 million, up 17.6% over the previous November, according to the Federation of the Swiss Watch Industry (FH), which releases the data. (The figure is virtually the same in U.S. dollars.) The data is based on foreign trade statistics prepared by the Federal Customs Administration. They reflect wholesale, not retail, sales.
The FH noted that, for the month, "the strongest increase was in the United States, the second most important market, again reinforcing the upswing that has continued since the beginning of the year."
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