The decline in Swiss watch industry output has led to a continued decline in exports, a 67.9% year-on-year decline in May

According to data recently released by the Swiss Watch Industry Federation (FH), Swiss watch exports in May 2020 were 656 million Swiss francs, a year-on-year decrease of 67.9%.

This is the second consecutive month that the Swiss watch industry has fallen into a “semi-paralyzed” state. Affected by the epidemic, the Swiss watch industry was shut down and suspended, and exports plummeted by 81% in April.

HKTDC: September Hong Kong Watch & Clock Fair may be transferred to an online platform.

Recently, the Hong Kong Trade Development Council, the organizer of the Hong Kong Watch & Clock Fair, issued a notice to the exhibitors, mentioning that the organizer had conducted a buyer survey in May, and the result reflected that “the desire to buy in the market is picking up.” Seventy percent of buyers stated that “if they cannot participate in a physical exhibition, they will be interested in conducting online talks with suppliers.”

Currently, the TDC is considering transferring offline physical exhibitions to online platforms, as well as a smaller procurement exhibition this year.

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