Swiss watch exports fell 3.6% in January from a year earlier to 1.9 billion Swiss francs ($2.5 billion), the Federation of the Swiss Watch Industry reported. This marks a return to the sector's long slump after a brief recovery last month, which was fueled by the easing of US tariffs. The decline was led by high-end watches crafted from precious metals.

The report signals ongoing pressure on the luxury timepiece market despite earlier optimism that tariff reductions would boost sales. The Swiss watch industry now faces renewed headwinds as the temporary tariff relief appears to have run its course.