An analysis published by IDEX Online shows that growth in sales of jewelry and watches in the US has hit “a two-year low in August, at just 3.7%.”
Jewelry sales rose 3.9% and watch sales were up 3.6% during August – an average increase of 3.7%. According to the analysis, the growth in sales “has been depressed for many months now and shows no sign of improving.” While the last four monthly reports have all been under 6%, August is the lowest “in a bad run.”
IDEX Online concludes: “August’s figure could well be revised down, and unless the global crisis is suddenly resolved it’s entirely possible that September will slip below zero.”
Read the full analysis here.
