US Watch and Jewelry Sales are Growing Again
January 04, 24
(IDEX Online) - Watch and jewelry sales in the US have finally turned a corner, the US Department of Commerce, rising by 3.2 per cent in November after nine months of consecutive decline.
We saw movement in this direction in October, when sales were down by just 0.2 per cent, indicating that demand is picking up, and the economy is showing signs of stabilizing.
There is, however, conflicting news from Mastercard SpendingPulse, which reports that US spending on jewelry slipped by 2 per cent during the 1 November to 24 December holiday period. Overall sales on all goods except automotive rose by 3.1 per cent during that period.
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