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U.S. Jewelry and Watch Sales Climb in June
Aug 4, 2016 9:28 AM
By Rapaport News
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RAPAPORT... U.S. jewelry and watch revenue from all retail outlets rose
3.5 percent from a year ago to an estimated $5.64 billion in June, according to
provisional figures from the nation’s Bureau of Economic Analysis.
The sector’s total for several previous months was revised,
resulting in the rate of growth for May being 5.5 percent and for April being
4.4 percent.
Jewelry sales in June increased 3.5 percent to $4.98
billion, according to Rapaport News estimates. Watch sales rose by the
same percentage to $660 million.
Jewelry and watch sales grew 3.9 percent to $34.35 billion
in the first half of the year, with jewelry revenue and watch revenue both
increasing by that same percentage to $30.34 million and $4.02 million
respectively.
Separately, sales in specialty jewelry stores, which are
tracked separately, increased
2 per cent to $2.79 billion in May, the latest month for which data is
available from the U.S. Census Bureau. The consumer price index for jewelry
jumped 7 percent year on year in May.
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Tags:
Bureau of Economic Analysis, Jewelry, jewelry and watch sales, Jewelry and watches, jewelry stores, Rapaport News, retail, u.s.
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