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rdf:type	schema:NewsArticle
schema:articleBody	Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs of a potential uptick thanks to renewed demand from China. In April, exports plummeted by an annualised 81.3 percent, and were followed in May by an impressive decline of 67.9 percent as global sales took a time out amid the coronavirus pandemic. In June, exports were still off by 35.1 percent compared with June 2019, the Federation of the Swiss Watch Industry said in a statement, at 1.1 billion Swiss francs (1.0 billion euros, $1.14 billion). But, "as the first country to fall victim to the pandemic and therefore the first to recover, China saw a very sharp increase in demand for Swiss watches," the statement noted. In June, exports of Swiss watches to China were in fact 47.7 percent higher than during the same month a year earlier. The federation thus underscored "possible hints of the start of the expected recovery." Meanwhile, exports to Hong Kong, considered a gateway to Asian markets, fell by 54.6 percent in June, and were 57 percent lower to the United States. The sector has been knocked for a loss not only because stores closed during virus-triggered lockdowns in many countries, but also owing to a drop in visits to major European capitals by high-spending Asian tourists. noo-wai/er
schema:headline	Swiss watch exports off by 35.1% in June: federation
schema:mentions	Switzerland Hong Kong Race and ethnicity in the United States Census Pandemic United States China Severe acute respiratory syndrome coronavirus 2
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	50 (xsd:integer)

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