US Watch and Jewelry Sales for October Lower Than a Year Ago

(IDEX Online) - Watch and jewelry sales in the US are now lower than a year ago, according to the latest figures from the Department of Commerce. They fell by 1.9 per cent year-on-year during October, the first month of negative growth since May 2020, when Covid lockdowns devastated the industry. Growth in sales has been slow - below six per cent for every month since May - but has always managed to stay just about positive. Sales growth for September has actually been revised up slightly, from 1.3 per cent to 1.4 per cent.

IDEX Online subscribers please click here to read the full report.