Swiss Watch Exports Head For Worst Year In Decades

Hi:) Swiss watchmakers are facing the worst decline in demand in at least two decades as consumers across the world remained wary about treating themselves to luxury timepieces. Watch exports in April dropped by 26 percent on the year, data from the Swiss Watch Federation showed on Thursday, taking the decline in demand in the first four months of the year to 24 percent.

"We forecast a 15 percent decline in Swiss watch exports in 2009 -- the worst performance in 25 years," Citi analyst said. Take care:)
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