Those headwinds are expected to be stiffest in the current quarter, reflecting the full force of the
link American, European, and Japanese lockdowns (Japan's came in April). How stiff? Tsunami-stiff, based on the shocking Swiss watch export data for April released by the FH on Tuesday. Exports fell 81% in value and 79% in units versus
link April 2019, "a direct result of
link the standstill in production, distribution, and sales," the FH said.