Exports of Swiss watches declined for a second straight month in October, driven in part by a drop in demand in China as consumers pulled back on luxury spending, according to a statement from the Federation of the Swiss Watch Industry.
Swiss timepiece exports declined 2.8 percent to around 2.3 billion Swiss francs ($2.6 billion) in value, 2.2 percent lower than in October 2023 and close to the trend seen since the start of the year, the federation said.
