Swiss Watch Exports Dipped in March Amid Iran War and High Costs
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Swiss watch exports to the US, the industry’s largest market, fell 1.6% after a gain in February.Swiss watch exports slid in March as the industry faced disruptions in the Middle East and contended with high precious metal costs. A plunge in sales in Saudi Arabia and Qatar helped push exports down by 1% in March from a year earlier. Still, the total for the first quarter reached 6.2 billion Swiss francs ($7.9 billion), an increase of 1.4% from the same period last year, the Federation of the Swiss Watch Industry said Tuesday.