Good news from the US markets: watch and jewellery sales increased in July and exceeded forecast amid easing inflation and lower unemployment. The sales increase has reached 5.9 per cent and marking the highest figures yet in 2024.
This is a 2024 record since the US Department of Commerce corrected and lowered the figure for June from 6.2 per cent to 4.2 per cent. This marks the ninth consecutive month of increase after a year of declining sales.
Furthermore, July's increase continues a trend of rising year-over-year sales for the third straight month.
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