Swiss Watch Export Decline Slows in July

The rapid fall of Swiss watch exports slowed in July, the Federation of the Swiss Watch Industry said Thursday. While watch exports were down 26 percent in July compared to the previous month, that's better than June when the figure was 32 percent. Slightly stronger demand in the key markets of the United States and Hong Kong, the two top markets for Swiss watches, were mainly responsible for the improvement. Also of note: cheaper watches, especially those under $500, continue to do better than higher priced timepieces.