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2009 Swiss Watch Exports Down 22.3%

Swiss Watch Exports December 2009

The headline on the Federation of the Swiss Watch Industry’s report on December, 2009 exports reads “Recovery Confirmed.” This is perhaps a case of news that is less bad being viewed as good. Swiss watch exports for December were down only 7.2% compared with the same month in 2008, though for all of 2009, Swiss watch exports declined 22.3% to 13.2 billion Swiss francs.