According to foreign media reports, after a frustrating 4 months, the Swiss watch exports continue to fall in November. Bloomberg terminal data show that dollar-denominated Swiss watch exports in November fell nearly 11% year on year, since November 2008 since the worst performance.

Swiss watch industry statistics show that in local currency denominated, Swiss watch shipments fell 5.6% to 1.95 billion Swiss francs (about 1.96 billion US dollars), which is four years to CHF-denominated shipments For the first time below 2 billion Swiss francs. In the first 11 months of this year, Swiss watch exports fell 3.3% this year may hit the 2008 financial crisis since the first annual decline. Analysts expected the results of the survey, analysts expect the value of Swiss watch shipments for next year will grow 2%.

The global luxury goods industry downturn spread to the Swiss watch industry. Data show that exports of Swiss watches in October fell sharply by 12% year on year, Hong Kong luxury watch as a traditional strong market in Switzerland, in October this year, there is a nearly 40% decline in exports year on year.