By John Revill
ZURICH--Swiss May watch exports rose 10% on the year in real
terms, showing a continued resilience of demand in Asia and among
Chinese tourists, according to data released Thursday by the Swiss
customs office.
Exports of Swiss watches stood at 1.91 billion Swiss francs in
May ($2.02 billion), up 10.2% in real terms compared with the
corresponding period a year ago. In nominal terms, which are not
adjusted for inflation, the increase was 16.2%.
The figures show an acceleration from the 7.9.% nominal growth
reported in April.
Swatch Group AG (UHR.VX), Compagnie Financiere Richemont SA
(CFR.VX) and privately-held Rolex are the main producers in the
Swiss watch market.
Swatch closed Wednesday at CHF376.6, up 7.1% so far this year,
and Richemont at CHF54, up 14% since the start of 2012.
Write to John Revill at john.revill@dowjones.com