Watch and jewelry sales in the US remained stable in February, according to recent data from the US Department of Commerce. This stability comes amid economic uncertainty and changing consumer habits.
Overall, sales increased by just 0.2% for the month. Jewelry sales saw a slight rise, while watch sales experienced a slight drop.
This follows a revised 0.9% decline in January, down from the initial 3.0% reported. The revision was based on actual sales rather than estimates.
From October 2023 to December 2024, year-on-year sales had been rising, with monthly increases ranging from 1% to 10%. However, this growth seems to be slowing down.
In 2024, the US jewelry market grew by 5% overall, reaching $81.3 billion, as reported by the Bureau of Economic Analysis.
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