Ahead of the release of 11 month sales figures from the Foundation of the Swiss Watch Industry FH, Bloomberg has noted that this year is likely to be the worst since 1984 in units sold, though not in revenue. The Foundation notes that for the last four months, decline in sales year over year has remained almost the same (hovering right around 10%) and that there are actually signs of sales recovery in the most significant markets.
Business News: Bottoming Out? Bloomberg Reports 2016 Could Be The Worst Year For The Swiss Watch Industry Since ’84 (But Industry Figures Show Decline May Be Slowing)
December 20th, 2016
