Swiss watch exports off by 35.1pc in June

ZURICH: Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs of a potential uptick thanks to renewed demand from China.

In April, exports plummeted by an annualised 81.3 percent, and were followed in May by an impressive decline of 67.9 percent as global sales took a time out amid the coronavirus pandemic.

In June, exports were still off by 35.1 percent compared with June 2019, the Federation of the Swiss Watch Industry said in a statement, at 1.1 billion Swiss francs (1.0 billion euros, $1.14 billion).