US Watch and Jewelry Sales: The Recovery Continues in July

(IDEX Online) - Watch and jewelry sales in the US picked up again in July, as inflation eased slightly, unemployment dipped and overall retail sales outperformed forecasts. 

The 5.9 per cent increase for watch and jewelry sales was the highest so far this year, after the US Department of Commerce adjusted the June figure down from 6.2 per cent to 4.2 per cent.

It's the ninth consecutive month of growth in the watch and jewlery sector after a year of dwindling sales.

And it's the third consecutive month of increased year-over-year sales - 3.0 per cent in May, 4.6 per cent in June and now 5.9 per cent in July.

Revisions to figures for April, May and June by the Bureau of Economic Analysis (BEA) at the US Department of Commerce show sales were lower than initially reported.

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