NEWS: End of growth?

Export results of Swiss watches to Russia in the period from January till June are not positive.
While income is still growing (+8%), quantity of delivered watches decreased 7%.

Such a stagnation looks pathetic compared to 2007. The situation is becoming even worse, if we remember that last year growth mainly happened at the beginning of the year, and growth rates during last 5 months were twice less compared to annual average.

Now most shops and wholesalers have quite big goods stock, and huge shipment growth at the end of the year is not expected.