Record Swatch sales signal strong industry rebound

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Switzerlands biggest watch manufacturer, Swatch, reports record half-year sales figures, up 22 percent on last year, and increases profit by more than 50 percent compared with 2009. The figures mark a turnaround for the industry that suffered a sales slump last year during the economic downturn. The firm publishes a positive outlook for the rest of the year with demand from China playing a key role in future growth.

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