Swiss Watch Exports Drop in May as China Slowdown Persists

Swiss watch exports fell in May as a slowdown in demand for premium and luxury timepieces in China and Hong Kong continued.

Shipments dropped 2.2 percent by value to 2.3 billion Swiss francs ($2.6 billion) in May from a year earlier, the Federation of the Swiss Watch Industry said Thursday. Exports to mainland China, the second-biggest market behind the US, skidded 18 percent by wholesale value as a downturn in real estate values battered…