Sales of jewelry and watches in all US outlets in July showed an increase for the ninth consecutive month compared to the same period last year, according to preliminary government data.
Revenue grew by 4% and amounted to about $ 5.7 billion, which means that sales increased year on year each month since November.
Data for previous months were revised sector. According to specified data, sales rose in June at 3%, and in May by 5.5%. Restated figures for 2015 show that sales fell for 7 months out of 12.
It is estimated Rapaport News, rose by 4% in July, sales of jewelry, to $ 5.03 billion, and sales hours - also by 4%, to $ 666 million .
sales growth occurred simultaneously with the increase in July, compared with last year, prices for jewelry and watches by 5%, shows the consumer price index. Taken separately, jewelry prices rose by 4%, while hours rose by 8%, show the data of the Bureau of Labor Statistics.
During the first seven months of the year sales of jewelry and watches have reached approximately $ 40.03 billion, 4% more than last year. How to sell jewelry and selling clock showed just such a rooted interest, while jewelry sales reached approximately $ 35.35 billion, and sales hours -. $ 4.68 billion
In contrast, according to the organization Conference Board, consumer confidence (Consumer Confidence Index) in July decreased on a monthly basis. However, it increased in August.
"Short-term expectations for business conditions and employment, as well as personal financial prospects also improved, suggesting the possibility of moderate growth in the coming months", - said Linn Frenko (Lynn Franco), director of the Conference Board economic indicators.
At the same time, the world's largest retailer of diamond jewelry Signet Jewelers previously reported a decline in revenues for the quarter ended in July, but said the sales growth of certain collections of fashion jewelry and diamond jewelry, as opposed to the more expensive jewelry wedding segment.
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