The headline on the Federation of the Swiss Watch Industry’s report on December, 2009 exports read “Recovery Confirmed.” This is perhaps a case of news that is less bad being viewed as good - (
swiss watch company). Swiss watch exports for December were down only 7 - (
Franck Muller SWISS Replica).2% compared with the same month in 2008, though for all of 2009, Swiss watch exports declined 22.3% to 13.2 billion Swiss francs.
On the bright side, December followed November as the second month in which the steep declines reflected in the 12 month moving average leveled off, and December’s single digit decline is perhaps a sign that the fever has broken, though the patient remains in guarded condition at best
.