January: everybody’s quiet

The drawback of any statistics is that it gives information on the past already accomplished events, sometimes on events which happened long time ago. A couple of weeks ago we received information on export of watches from Switzerland to Russia for the period of 2007 (See Twisted outcome). Last months of the year were far from being the result to be proud of.

Statistics for January 2008 is ready. It fully confirms recession trend for watches imported to Russia: in January it equals 9% in quantity and 23% in price terms. We have already given views on possible reasons of such outcomes. However let us think that watchmakers are just tired after long holidays.