1115 GMT - Growing demand in the U.S. for Swiss watches is a bright spot, Bernstein analyst Luca Solca says in a note. Total exports of Swiss timepieces in November reached 2.41 billion Swiss francs in value, 3.8% lower on year, according to data from the Federation of the Swiss Watch Industry. The U.S. with a 4.7% rise was the only one of the top 10 markets to post an increase. The data follows Watches of Switzerland's positive performance for its fiscal first half, helped by strong demand for high-end watches in both the U.S. and U.K. markets. "This month's data suggests a continuation of this trend," Solca says. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
December 19, 2024 06:15 ET (11:15 GMT)
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