Swiss watch exports rose at the quickest monthly pace in more than four years in October. This has been largely fuelled by Asian demand for higher-priced timepieces.
Exports increased 9.3 percent to 1.85 billion francs ($1.9 billion) in October, the sixth consecutive monthly increase, the Federation of the Swiss Watch Industry said. The gain is the biggest since January 2013.
The latest export figures underline the industry’s recovery after it left behind its longest slump on record earlier this year. Export gains have been led by China, as the effects of a four-year crackdown on corruption waned, with the U.S. lagging behind.