From The Watch Watch—-Swiss Exports Slide For Seventh Consecutive Month

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

davidstockmanscontracorner.com / By Corinne Gretler & Alice Baghdjian at Bloomberg / February 22, 2016

Swiss watch exports slid for the seventh consecutive month as plummeting stocks and slowing economies damped demand for luxury timepieces in their main markets.

The two biggest destinations for Swiss watch exports — Hong Kong and the U.S. — were almost exclusively responsible for the global downturn, the Federation of the Swiss Watch Industry said in a statement Thursday.

Shipments dropped 8 percent to 1.52 billion francs ($1.53 billion) in January, according to data from Switzerland’s customs office. That compares with a 3.7 percent gain in the same month in 2015.

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