US Watch and Jewelry Sales for March: Biggest Growth in Two Years

(IDEX Online) - Watch and jewelry sales in the US enjoyed their biggest monthly increase for over two years in March, with a rise of 6.8 per cent.

It's the fifth consecutive month of growth, according to estimates by the Bureau of Economic Analysis (BEA), a division of the US Department of Commerce, after sales fell every month from February to October last year.

Sales during February were up 5.5 per cent (adjusted down from 5.8 per cent based on actual rather estimated figures). Sales in January were 1.0 per cent (adjusted up from 0.6 per cent).

The BEA figures include both multi-line retailers - such as Amazon, Costco and Walmart - which account for around two thirds of all watch and jewelry sales in the US, and specialty retailers, which represent the remaining third.

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