US Watches and Jewelry: Growth in Sales is Slowing
February 21, 21
(IDEX Online) - The growth in sales of US watches and jewelry slowed markedly in December. It was still up 11.5 per cent year-on-year, but the rate of increase is down from its peak of 16.7 per cent in September. In addition, the November figure has been revised significantly down from 16.6 per cent to 13.6 per cent, based on actual through-the-till transactions rather than estimates. As a result, the recovery is not quite as strong as it previously appeared, with a four-month trend of slower growth. This is all against the backdrop of a disastrous April 2020, followed by a dramatic recovery. All other figures in the graph below remain unchanged by marginal revisions.
