News

Advanced Search

US Jewelry Store Sales Increase

Oct 1, 2017 8:29 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Sales at specialist jewelry stores in the US increased 4% year on year to $17.36 billion in the first seven months of 2017, according to data from the nation’s Census Bureau.

In July, sales jumped 11% to $2.47 billion, the data showed. Figures are all unadjusted for seasonal fluctuation.

Consumer confidence improved in July and August, according to the Conference Board’s Consumer Confidence Index. However, the measure slipped 0.5% in September.

Confidence decreased significantly in Texas and Florida in September as they were the most affected by Hurricanes Harvey and Irma, explained Lynn Franco, director of economic indicators at the Conference Board.

“Despite the slight downtick in confidence, consumers’ assessment of current conditions remains quite favorable, and their expectations for the short term suggest the economy will continue expanding at its current pace,” she added.

Image: Hadrian/Shutterstock
Tags: conference board, consumer confidence, Consumer Confidence Index, jewelry stores, Lynn Franco, Rapaport News, US, US Jewelry Store Sales
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.