US Watches and Jewelry: Sales Keep on Surging

(IDEX Online) - The recovery in sales of US watch and jewelry continues, with a fifth consecutive month of year-on-year increases.October's 18.6 per cent rise was another record high. The jump from September appears at first more modest than recent monthly increases, a possible indication that sales are finding their level, but it's likely the figure will be revised upwards, in line with recent months. The April plunge that overshadowed that of the 1929 Wall Street Crash - when the global pandemic first hit - now seems but a distant memory. The graph below includes revised Dept of Commerce figures, based on actual through-the-till transactions rather than estimates. September sales, originally reckoned at 13.7 per cent, are now reported to be 16.8 per cent. August is also up from 12.4 per cent to 13.8 per cent.IDEX Online subscribers please click here to read the full report.