Consumer
Swiss Watch Exports Dipped in March Amid Iran War and High Costs
Swiss watch exports to the US, the industry’s largest market, fell 1.6% after a gain in February.
Photographer: Michael Nagle/BloombergSwiss 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.