The decline of Swiss watch exports reported for almost two years softened in November, in particular because there was one more working day than in 2015. Global exports fell 5.6%to $1.8 billion, registering the second smallest drop of the year. Shipments to Hong Kong slipped 0.7% to $241.8 million. One of the reasons for the narrower decline was the fact that November had one more working day than last year, the Federation of the Swiss Watch Industry explained.
The MiddleEast Markets registered a down trendwith UAE down 3.7 percent, Saudi Arabia was down by 19.1%, Kuwait scored40.45 increase and Qatar declined by 38.5%.
The UnitedStates recorded one of its worst results of the year after March. The UnitedKingdom remained one of the few positive markets in Europe.
